MARKET DEVELOPMENT
Oil palm growers to supply Europe amid sunflower oil shortage
Oil palm growers to supply Europe amid sunflower oil shortage
05.04.2022 (www.theedgemarkets.com) - (April 5): Oil palm growing nations will continue to supply the tropical oil to Europe as consumers in the region switch to alternatives due to the shortage of sunflower oil, according to the Council of Palm Oil Producing Countries.
Producers in Africa, Asia Pacific as well as Central and Latin America will provide sustainable palm oil in a timely manner, the group said Tuesday following a meeting of senior officials.
CPOPC plans to introduce its global framework principles for sustainable palm oil to the United Nations.
Member countries pledge to accelerate clean energy transitions such as by strengthening national biodiesel programmes.