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Bad AMDK blame our Good Honest Hardworkimg Indon oil palm planters for burning the forests, u agreed mah?
- Thread starter k1976
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COMMODITIES
Indonesia accounts for about 60% of the global production of an oil that finds its way into processed foods, cosmetics and a host of other consumer products. (Photo courtesy of Musim Mas)
NANA SHIBATA, Nikkei staff writerOctober 18, 2023 10:34 JSTUpdated on October 23, 2023 19:39 JST
JAKARTA -- Musim Mas, a Singapore-based exporter of Indonesian palm oil, faces "a big challenge" over the European Union's new deforestation regulation, which will particularly impact the country's small individual farmers, a company executive told Nikkei Asia.
The landmark law requires importers of commodities such as palm oil, coffee and cocoa to generate a due diligence statement proving their products do not come from deforested land or have led to forest degradation. Under the regulation, traders and other organizations selling products in the EU will have until late 2024 to comply. Micro and small enterprises, however, are exempt from the due diligence rules until mid-2025.
Carolyn Lim, a senior Musim Mas manager, calls the law "a trade barrier."
Singapore-based Indonesia palm oil exporter grapples with EU law
Musim Mas reviews supply chain to comply with deforestation reporting requirement
Indonesia accounts for about 60% of the global production of an oil that finds its way into processed foods, cosmetics and a host of other consumer products. (Photo courtesy of Musim Mas)
NANA SHIBATA, Nikkei staff writerOctober 18, 2023 10:34 JSTUpdated on October 23, 2023 19:39 JST
JAKARTA -- Musim Mas, a Singapore-based exporter of Indonesian palm oil, faces "a big challenge" over the European Union's new deforestation regulation, which will particularly impact the country's small individual farmers, a company executive told Nikkei Asia.
The landmark law requires importers of commodities such as palm oil, coffee and cocoa to generate a due diligence statement proving their products do not come from deforested land or have led to forest degradation. Under the regulation, traders and other organizations selling products in the EU will have until late 2024 to comply. Micro and small enterprises, however, are exempt from the due diligence rules until mid-2025.
Carolyn Lim, a senior Musim Mas manager, calls the law "a trade barrier."
We have a huge challenge to prove how do we pass [legal evidence] to the EU," Lim said in a recent interview. "That's why it's a huge problem."
Many small farmers' output cannot be traced, and some might not even possess land titles, Lim added.
Malaysia and Indonesia, the world's largest palm oil producers, have criticized the EU regulation, calling it harmful to small farmers. In June, Malaysian Prime Minister Anwar Ibrahim and Indonesian President Joko Widodo affirmed their pledge to cooperate in protecting the industry.
Palm oil is a key ingredient in a range of consumer products, from processed foods to cosmetics, and Indonesia accounts for about 60% of the commodity's global production. The largest palm oil importing countries in 2020 were India, spending $5.1 billion, and China, at $4.1 billion. The EU plus the U.K. imported a total of $5.4 billion worth of the oil, according to a report by Fern, a nongovernmental organization.
Many small farmers' output cannot be traced, and some might not even possess land titles, Lim added.
Malaysia and Indonesia, the world's largest palm oil producers, have criticized the EU regulation, calling it harmful to small farmers. In June, Malaysian Prime Minister Anwar Ibrahim and Indonesian President Joko Widodo affirmed their pledge to cooperate in protecting the industry.
Palm oil is a key ingredient in a range of consumer products, from processed foods to cosmetics, and Indonesia accounts for about 60% of the commodity's global production. The largest palm oil importing countries in 2020 were India, spending $5.1 billion, and China, at $4.1 billion. The EU plus the U.K. imported a total of $5.4 billion worth of the oil, according to a report by Fern, a nongovernmental organization.
COMMODITIES
Indonesia accounts for about 60% of the global production of an oil that finds its way into processed foods, cosmetics and a host of other consumer products. (Photo courtesy of Musim Mas)
NANA SHIBATA, Nikkei staff writerOctober 18, 2023 10:34 JSTUpdated on October 23, 2023 19:39 JST
JAKARTA -- Musim Mas, a Singapore-based exporter of Indonesian palm oil, faces "a big challenge" over the European Union's new deforestation regulation, which will particularly impact the country's small individual farmers, a company executive told Nikkei Asia.
The landmark law requires importers of commodities such as palm oil, coffee and cocoa to generate a due diligence statement proving their products do not come from deforested land or have led to forest degradation. Under the regulation, traders and other organizations selling products in the EU will have until late 2024 to comply. Micro and small enterprises, however, are exempt from the due diligence rules until mid-2025.
Carolyn Lim, a senior Musim Mas manager, calls the law "a trade barrier."
"We have a huge challenge to prove how do we pass [legal evidence] to the EU," Lim said in a recent interview. "That's why it's a huge problem."
Many small farmers' output cannot be traced, and some might not even possess land titles, Lim added.
Malaysia and Indonesia, the world's largest palm oil producers, have criticized the EU regulation, calling it harmful to small farmers. In June, Malaysian Prime Minister Anwar Ibrahim and Indonesian President Joko Widodo affirmed their pledge to cooperate in protecting the industry.
Palm oil is a key ingredient in a range of consumer products, from processed foods to cosmetics, and Indonesia accounts for about 60% of the commodity's global production. The largest palm oil importing countries in 2020 were India, spending $5.1 billion, and China, at $4.1 billion. The EU plus the U.K. imported a total of $5.4 billion worth of the oil, according to a report by Fern, a nongovernmental organization.
Musim Mas, which controls 18% of the global refined and processed palm oil market, is reviewing its supply chain. Currently, it sources 40% of its fresh fruit bunches from Indonesia's independent smallholders, with the rest produced at its own 130,000-hectare plantation in Indonesia and by corporate suppliers.
Other foreign palm oil companies active in Indonesia include Singapore's Wilmar International with a total planted area of 231,697 hectares, of which about 65% is in Indonesia. U.S. agriculture giant Cargill has about 80,000 hectares of company-owned planted land in Indonesia. Major Indonesian players include Asian Agri and Sinar Mas Agro Resources & Technology.
To meet the EU regulation, Lim said in the interview that Musim Mas recently halted the export of palm oil from small farmers to the region, but later clarified it actually had not, though might have to do so for non-certified ones.
She added in the interview that Musim Mas has adjusted how it sources supplies so that they come "from our own operations as well as our suppliers, who can provide us with ... corporate traceability statistics, then ship to [EU markets]."
Singapore-based Indonesia palm oil exporter grapples with EU law
Musim Mas reviews supply chain to comply with deforestation reporting requirement
Indonesia accounts for about 60% of the global production of an oil that finds its way into processed foods, cosmetics and a host of other consumer products. (Photo courtesy of Musim Mas)
NANA SHIBATA, Nikkei staff writerOctober 18, 2023 10:34 JSTUpdated on October 23, 2023 19:39 JST
JAKARTA -- Musim Mas, a Singapore-based exporter of Indonesian palm oil, faces "a big challenge" over the European Union's new deforestation regulation, which will particularly impact the country's small individual farmers, a company executive told Nikkei Asia.
The landmark law requires importers of commodities such as palm oil, coffee and cocoa to generate a due diligence statement proving their products do not come from deforested land or have led to forest degradation. Under the regulation, traders and other organizations selling products in the EU will have until late 2024 to comply. Micro and small enterprises, however, are exempt from the due diligence rules until mid-2025.
Carolyn Lim, a senior Musim Mas manager, calls the law "a trade barrier."
"We have a huge challenge to prove how do we pass [legal evidence] to the EU," Lim said in a recent interview. "That's why it's a huge problem."
Many small farmers' output cannot be traced, and some might not even possess land titles, Lim added.
Malaysia and Indonesia, the world's largest palm oil producers, have criticized the EU regulation, calling it harmful to small farmers. In June, Malaysian Prime Minister Anwar Ibrahim and Indonesian President Joko Widodo affirmed their pledge to cooperate in protecting the industry.
Palm oil is a key ingredient in a range of consumer products, from processed foods to cosmetics, and Indonesia accounts for about 60% of the commodity's global production. The largest palm oil importing countries in 2020 were India, spending $5.1 billion, and China, at $4.1 billion. The EU plus the U.K. imported a total of $5.4 billion worth of the oil, according to a report by Fern, a nongovernmental organization.
Musim Mas, which controls 18% of the global refined and processed palm oil market, is reviewing its supply chain. Currently, it sources 40% of its fresh fruit bunches from Indonesia's independent smallholders, with the rest produced at its own 130,000-hectare plantation in Indonesia and by corporate suppliers.
Other foreign palm oil companies active in Indonesia include Singapore's Wilmar International with a total planted area of 231,697 hectares, of which about 65% is in Indonesia. U.S. agriculture giant Cargill has about 80,000 hectares of company-owned planted land in Indonesia. Major Indonesian players include Asian Agri and Sinar Mas Agro Resources & Technology.
To meet the EU regulation, Lim said in the interview that Musim Mas recently halted the export of palm oil from small farmers to the region, but later clarified it actually had not, though might have to do so for non-certified ones.
She added in the interview that Musim Mas has adjusted how it sources supplies so that they come "from our own operations as well as our suppliers, who can provide us with ... corporate traceability statistics, then ship to [EU markets]."
