The Jakarta Post
The Kuala-Lumpur based Roundtable on Sustainable Palm Oil’s (RSPO) recent issuance of a trademark for packaging and labels of certified palm oil products will not have significant benefits for palm oil producers, a local palm oil business association says.
Indonesian Palm Oil Producers Association (Gapki) chairman Fadhil Hasan said in Jakarta on Friday that the use of the new trademark would not push up prices of certified palm oil products as buyers were still reluctant to pay more for such products.
“The premium price for certified palm oil has been declining since its introduction several years ago. That’s because only a few buyers are committed to buying palm oil at a higher price,” he told The Jakarta Post in a phone interview.
Fadhil cited the price difference of certified and non-certified palm oil, which topped US$50 per ton in 2006 and plunged to ...