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EIA and Grassroots published a report saying consumers still cannot trust the RSPO sustainable palm oil seal, citing alleged 2020 human rights violations by members. The report says the RSPO's assurance body has not completed major tasks to address long-standing concerns.
Weak trust in RSPO certification could reduce the premium for certified palm oil and increase pressure on buyers to source verifiably deforestation-free supply. The effect on feed prices is limited.
eia-international.orgEIAFeb 18, 2021After 66 past neutral report events, Palm Oil moved a median +0.2% over 5 sessions (58% higher; middle half -0.4% to +2.0%), and +2.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
