Thursday, December 10, 2009

Breaking News-RTRS-INTERVIEW-EU demand scant for non-rain forest palm oil

HAMBURG, Dec 9 (Reuters) - Europe's food industry is proving slow to buy palm oil certified under a new scheme as produced without destroying tropical rain forests, the head of Germany's edible oil industry association OVID said on Wednesday.
Some 1.2 million tonnes of palm oil certified under the new programme Round Table for Sustainable Palm Oil (RSPO) had been produced since the scheme got underway in autumn 2008 but only 320,000 tonnes had been sold, said OVID chief executive Petra Sprick.
The rest, largely produced in Malaysia and Indonesia, is in storage tanks awaiting buyers.