For the past two decades, Europe has been a frontrunner in sustainable palm oil with the EU market reaching high levels. However, total palm oil imports are decreasing. The bloc notably accounts for 45% of total global use of certified sustainable palm oil, indicating this drop could leave a substantial mark on industry’s overall transition to transparency.
New data collected by NewForesight and commissioned by the Roundtable on Sustainable Palm Oil (RSPO) also reveals that the consumption of palm oil is increasing in other parts of the world where the market for sustainable palm oil products is still in its infancy.
In this context, the report underscores the importance of maintaining Europe’s role in helping to shift the global market to sustainable palm oil.
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