Musim Mas Expects More Demand for Certified Palm Oil
by Novan Iman Santosa (The Jakarta Post) Palm oil producer Musim Mas Group expects that there will be more demand for certified sustainable palm oil (CSPO), as the company is ready to provide the market with sustainable palm oil and its derivative products.
“Currently the world’s demand for certified palm oil is only half of current production. The European Union is so far the largest market,” Musim Mas Group head of sustainability Gan Liang Tiong told a gathering on Tuesday afternoon.
The world’s current production of CSPO stands at about six million tons, with Indonesia contributing half.
…“The problem is we produce a lot consumption is still small,” Gan said. “This is because CSPO is more expensive that non-certified palm oil.”
The EU was the major market consuming sustainable palm oil, urging palm oil producers in Indonesia, Malaysia and other countries to produce sustainable palm oil through the Roundtable on Sustainable Palm Oil (RSPO).
However, the current prolonged crisis in the eurozone has raised the question of whether EU countries would be willing to pay a premium for CSPO.
…Other derivative products from Musim Mas include fatty alcohol, oleochemicals and biodiesel, while the end products include candles, margarines and soaps. READ MORE