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World has loads of sustainable palm oil but not many takers

KUALA LUMPUR: The world’s biggest growers of palm oil say they’re stepping up efforts to produce the contentious commodity more sustainably, but consumers are unwilling to pay more for environmentally friendly supply.

Sime Darby says it can only sell about 50 percent of its certified variety at a premium, with the rest being offloaded into a pool of non-certified oil without achieving any added value.