Colombia, the world’s largest producer of cocaine, is working to reduce reliance on coca cultivation. Instead the government is investing in oil palm, which locals say is benefiting communities and the environment.
Smallholders account for almost 40% of global palm oil production, yet just a fraction is certified sustainable. The RSPO is looking to change this with a new sustainable palm oil standard for low acreage farmers.
Swelling domestic stocks for Malaysian palm oil, widely used by
bakers, left crude palm oil futures closing lower on Monday,
offering a slight relief for prices.