Thursday, March 4, 2010

Breaking News-RTRS-INTERVIEW-Palm group RSPO's effectiveness in doubt

JAKARTA, March 3 (Reuters) - Rifts within the Roundtable of Sustainable Palm Oil (RSPO), a group formed to encourage green standards, raise doubts over its effectiveness, a leading industry association said on Wednesday.
The palm oil industry, which has come under fire from green groups and Western consumers, set up the RSPO in 2004 to develop an ethical certification system that includes commitments to preserve rainforests and wildlife.
However, barely 5 percent of the combined output of Indonesia and Malaysia is certified, reflecting the difficulty of getting the world's No. 1 and 2 producers respectively to meet standards.