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Nestlé will use the Starling satellite monitoring tool, developed by Airbus and The Forest Trust, to track deforestation across 100% of its global palm oil supply chain by the end of 2018. The company reported 63% of its supply chain was deforestation-free as of 2017.
Corporate traceability programmes add to pressure for deforestation-free palm oil, which may favour certified supply but has little immediate effect on prices.
foodnavigator.comKaty AskewSep 14, 2018After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
