The Roundtable on Sustainable Palm Oil says demand for sustainable palm oil is on the rise in Africa, as financial institutions drive sustainability in the industry through certifications. Elikplim Agbitor, the head of Africa at the Roundtable on Sustainable Palm Oil, highlighted that Africa’s contribution to global palm oil production remains under 5 percent, with smallholder farmers holding 70 percent of the land under cultivation for palm oil production.
The region faces challenges such as limited production capacity, reliance on artisanal mills, and a growing demand for palm oil that exceeds domestic production.
Despite these challenges, the focus on sustainability and certification is gaining traction in the industry. The use of RSPO certification as a due diligence mechanism for finance provision is becoming a common practice among financial institutions, driving producers to adhere to sustainability standards.
Dekel Agri-Vision PLC (LON:DKL) aspires to become a leading agro-industrial company in West Africa, one that creates value for shareholders whilst at all times placing the interests of the local communities and environment in which it operates in at the heart of its operations.
