Wednesday, November 26, 2008

Breaking News-RTRS-"Green" palm oil sales expected to pick up in 2009

JAKARTA, Nov 25 (Reuters) - Palm oil producers in Indonesia, Malaysia and Papua New Guinea may sell 1 million tonnes of "sustainable" palm oil next year, up ten-fold on 2008 although still only a tiny fraction of global sales, officials said.
Under fire from green groups and some Western consumers, the palm oil industry established the Round Table on Sustainable Palm Oil (RSPO) in 2004 to develop an ethical certification system, including commitments to preserve rainforests and wildlife.