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Company News, Oilseeds, World

The partnership aligns with the Agriculture Sector Roadmap to 1.5 degrees convened by the Tropical Forest Alliance, designed to halt commodity-linked deforestation in line with the 1.5 degrees pathway

Bunge and Musim Mas Group announced a collaboration to promote the use of sustainable practices among smallholder farmers in Sambas, West Kalimantan, Indonesia.  

The collaboration, co-funded by Bunge and Musim Mas through 2025, aims to train more than 1,000 independent smallholders in the sustainable production of palm oil. 

The partnership aligns with the Agriculture Sector Roadmap to 1.5 degrees convened by the Tropical Forest Alliance, designed to halt commodity-linked deforestation in line with the 1.5 degrees pathway while enhancing the livelihoods of smallholder farmers and supporting the sector’s transformation toward forest-positive land-use management. 

“Bunge strives to be the preferred sustainable solutions partner for producers and customers,” said Ben Vreeburg, Bunge’s Senior Director of Sustainability.  “We believe that together with our customers, we can build sustainable supply chains by sharing our know-how and experiences to support the smallholder farmers, -promoting the productivity, profitability, and sustainability of their business. By adopting sustainable farming practices, smallholders can increase their yields and reduce their dependence on expanding into the forest areas.”

The partnership aligns with the Agriculture Sector Roadmap

India, Supply Chain, Sustainability

The recent announcement by the Government of India on increasing the domestic production of palm oil towards ensuring self-reliance is a great opportunity for the country to demonstrate the economic and social value of sustainable palm oil production, as per Joseph D’Cruz, CEO, Roundtable on Sustainable Palm Oil (RSPO). D’Cruz articulated his views via a virtual keynote address at the Globoil India conference.

Highlighting the challenges, D’Cruz said, “We also find ourselves with an opportunity to demonstrate how well-placed sustainable palm oil is to fill supply gaps while alleviating poverty, mitigating climate change and minimizing environmental and social impacts”.

“The RSPO is more than a certification standard. We are keen to work with the Indian industry, Government, and other stakeholders to support India’s move towards atmanirbharta through the sustainable development of the palm industry,” he added.

RSPO, a global, multi-stakeholder initiative that develops and implements a market mechanism to support and promote sustainable palm oil production, presented its vision to support the development of sustainability in the Indian oil palm industry at the conference.

Sharing his vision for the sustainable palm oil supply chain, Ashwin Selvaraj, deputy director, Market Transformation (India & China), RSPO said, “Unlocking the potential for stronger partnerships from farmers to market to financing is essential if we are to create a smarter and more resilient sustainable palm oil supply chain.”

“India has made a promise to cut its emissions to net zero by 2070. We will need to ensure that this is a just transition that improves the livelihoods of our farming communities and makes us self-sufficient. This is an opportunity for India to lead the way and working together towards creating a sustainable palm oil industry from the very beginning is going to prove beneficial in mitigating the impacts of climate change,” he added.

India is the world’s second-largest consumer of palm oil, with consumption having soared during the 2000s to reach around 9 million tonne each year. Palm oil now accounts for about 40 per cent of India’s edible oil consumption.

The recent announcement by the Government of

AgroPolicy, Trade

The increase in the gap between the CPO and refined palm oil will benefit the domestic refining industry to import crude oil for refining

The Government of India has reduced the agri-cess for crude palm oil (CPO) from 7.5 per cent to 5 per cent with effect from February 12, 2022. After a reduction of the agri-cess, the import tax gap between CPO and Refined Palm Oil has increased to 8.25 per cent. The increase in the gap between the CPO and refined palm oil will benefit the domestic refining industry to import crude oil for refining.

Another pre-emptive measure taken by the Government to check the prices of edible oils is to extend the current basic rate of import duty of zero per cent on crude palm oil, crude soyabean oil and crude sunflower oil up to September 30, 2022. The rate of import duty on refined palm oils at 12.5 per cent, refined soyabean oil and refined sunflower oil at 17.5 per cent will remain in force up to September 30, 2022. This measure will help in cooling down the prices of edible oils which are witnessing an upward trend in the international market due to lower availability and other international factors.

The above steps will augment the earlier measure taken by the Government viz. the stock limit order dated February 3, 2022, vide which the government had specified the stock limit quantities on edible oils and oilseeds for a period up to June 30, 2022, under the Essential Commodities Act, 1955. This measure is expected to curtail any unfair practices like hoarding, black marketing etc. of edible oils and oilseeds in the market which may lead to an increase in the prices of edible oils. The oil industry is being called for a meeting tomorrow to do their best in passing on the benefit to consumers and state governments have been requested to enforce stock limit orders strictly.

The increase in the gap between the

Environment, Interaction

Experts from different backgrounds explained the latest advances proving the commitment of producing countries to sustainable palm oil production

The Council of Palm Oil Producing Countries (CPOPC) has organised a webinar ‘Net-Zero Emissions: Achievements and Way Forward in the Palm Oil’s Production’ on January 26, 2022. The webinar presented facts and figures on palm oil industry is well on its way to achieving carbon neutrality.

During the opening session, MEP Seán Kelly underlined the need for a partnership between the European Union and producing countries, and reaffirmed that palm oil can be produced sustainably. MP Kelly’s statement assuring progress on sustainability was confirmed by CPOPC Executive Director Tan Sri Dr Yusof Basiron, who insisted that the palm oil industry had started working on carbon neutrality well before other sectors and recalled the crucial role of this oil in the development of producing countries.

Experts from different backgrounds explained the latest advances proving the commitment of producing countries to sustainable palm oil production. The scientific data presented during the event, once again demonstrated that the false narratives concerning palm oil, in particular concerning its role in deforestation, must and can be debunked.

Dr Rosediana Suharto, Director of the Indonesian NGO Responsible Palm Oil Initiative, clarified that deforestation in Indonesia is constantly decreasing and that the palm oil industry is constantly evolving to operate in a sustainable way, in accordance with the strict measures of the government. She emphasised the crucial role of smallholders as well as their interests in the global palm oil debate.

The importance of smallholders was also highlighted by Dr Ruslan Abdullah, Malaysian Palm Oil Council, who gave a comprehensive overview of Malaysia’s performance in reducing CO2 emissions compared to other countries. other countries, outlining national measures to improve palm oil production and reduce GHG emissions.

Experts from different backgrounds explained the latest

AgroPolicy, Interaction

Union Minister of Agriculture Narendra Singh Tomar said that under the leadership of PM Modi, the Government wants to make India self-reliant in the field of palm oil.

The National Mission on Edible Oil- Oil Palm Business Summit for states other than North Eastern States has been inaugurated by the Union Minister of Agriculture Narendra Singh Tomar, in Hyderabad on December 28, 2021. Aiming to give wide spread information on newly launched centrally sponsored scheme on edible oils, the Government is organising business summits across the country. This is the second such summit of the Mission, the first was held in Guwahati for North Eastern states in early October this year.

Addressing the Business Summit, the Union Agriculture Minister Narendra Singh Tomar assured all the state governments that there will be no shortage of resources for the successful implementation of the National Mission on Edible Oil – Oil Palm. Tomar said that under the leadership of PM Narendra Modi, the Government wants to make India self-reliant in the field of palm oil.

Appreciating the efforts made by the Government of Telangana to increase palm oil production, Tomar said that he sees Telangana as an emerging leader in oil palm production.

Union Minister of State for Agriculture and Farmers’ Welfare Kailash Choudhary said “At present, we have to import edible oil. Today’s business summit will prove to be important to find a solution to this import.” Expressing his confidence in Mission, he said that with the help of scientists’ research, farmers’ hard work and the government’s support, this mission will achieve its target and will make a significant contribution in making India self-reliant. In order to boost the edible oils’ production, remunerative prices and assured procurement of oilseed crops is being done by the Government, he added.

Distribution of registration certificates for the Farmer Producing Organisations (FPOs) were also done on the occasion.

Union Minister of Agriculture Narendra Singh