It is “crucial” palm oil production remains ethical as firms including supermarket Iceland are forced to find alternatives to sunflower oil due to the war in Ukraine.
The Roundtable on Sustainable Palm Oil (RSPO) said demand for palm oil was rising because Russia and Ukraine are responsible for 70-80% of sunflower oil, which has gone up in price by 1,000%.
A spokesperson told Supply Management: “A balanced market with a mix of different available vegetable oils is crucial for a robust and resilient global market. Ukraine is the largest exporter of sunflower oil and seed, and as the rise in demand for palm oil is accelerated by halted sunflower oil production in the Ukraine, it is crucial that we support the production and consumption of sustainable palm oil to prevent any further negative environmental and social impacts.”
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.
