Sales of Certified Sustainable Palm Oil (CSPO) for the first-quarter of this year have reached a new high.
This amounts to an increase of 49% for the physical uptake of CSPO certified by the Roundtable on Sustainable Palm Oil, and a 54% increase for GreenPalm Certificates, compared to the corresponding quarter last year.
According to the latest data from the RSPO, sales of physical CSPO reported in the eTrace system through identity preserved, segregated and mass balance supply chains have increased to 506,586 tonnes in the first quarter, compared to 340,668 tonnes in the same period last year.
Meanwhile, GreenPalm Certificates clocked in sales of 853,338 tonnes for the first quarter of the year, up 54% from 555,906 tonnes in the same period last year. GreenPalm trading during March has also resulted in a record of total premiums back to RSPO certified growers of US$6.6 million.
RSPO technical director Salahudin Yaacob said: “The recent months have seen many more companies committing towards 100% RSPO certified sustainable palm oil,most of them with a 2015 deadline.
“We are happy to see these commitments, mainly from large European retailers and consumer goods manufacturers, reflecting in real terms on the demand for CSPO”.