Nine companies from China have joined the Roundtable Sustainable Palm Oil (RSPO) body so far this year, including major sustainable palm oil importer Sinograin Oils Corp, taking the membership from China to 52, according to a note the RSPO sent to the Global Times on Thursday [14 July 2016]…Full Article: The Global Times July 2016

Key Point

  • By 2020, according to the RSPO, China’s palm oil demand will reach 12 million MTs.

ChinaAg Comments

  • Palm oil is used in food, cosmetics and biofuels. Within Malaysia, Sabah State (northeastern Borneo Island) is the largest producing region.
  • From 2011 to 2015, Chinese (incl. Hong Kong and Macau) imports of palm oil were stable, fluctuating only slightly around 5.9 million MTs. Nearly all imports was refined palm oil as opposed to crude/unrefined palm oil. Indonesia and Malaysia were the dominant suppliers, with Indonesia surpassing Malaysia as China’s top supplier in 2015. In 2015, China imported 3.4 million MTs of palm oil from Indonesia and 2.4 million MTs from Malaysia.
  • In October 2014, Malaysia reported a drop in palm oil production.
  • Founded in 2004 and headquartered in Kuala Lumpur, Malaysia, Roundtable Sustainable Palm Oil (RSPO) is a palm oil trade association that issues certificates to suppliers who follow a sustainable (environmentally friendly) approach to production. In 2013, the RSPO held its first certification seminar in China.

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