Sustainable palm oil gets boost in China
Beijing, China — Major China-based producers and users of palm oil have announced they intend to provide more support for sustainable palm oil, an important boost for efforts to halt tropical deforestation.
The public statement, made at the 2nd International Oil and Fats Summit in Beijing on July 9, committed the companies to "support the promotion, procurement and use of sustainable palm oil in China," as well as "support the production of sustainable palm oil through any investments in producing countries."
China is currently the world’s largest importer of palm oil, accounting for one third of all global trade. Increasing demand for palm oil, which is used in everything from soap to chocolate bars, is causing considerable damage to fragile rainforest environments, threatening endangered species like tigers, and contributing to global climate change.
Palm oil producers and buyers making the statement included Wilmar International, IOI Corporation, KLK Berhad, Kulim Malaysia Berhad, Asia Agri., Premier Foods PLC and Unilever PLC. Oxfam International, TransAsia Lawyers, and Solidaridad China were signatories.