PalmOilMagazine, JAKARTA – Beauty, cosmetic, health, and household product company made of palm oil, Procter and Gamble (P&G) in 2021 starts supporting independent smallholders by buying credits from Roundtable on Sustainable Palm Oil RSPO Certified Sustainable Palm Kernel Oil (CSPKO) from four independent groups. The credit transaction in May 2021 reached US$ 77.834 or about Rp 1,1 billion (with nowadays currency).
P&G produces familiar products in Indonesia, such as, Head and Shoulders, Pantene (shampoo), diapers, Downy, Gilette, Oral-B, Viks, Olay, SK-II. P&G is the new buyer in 2021 to support the independent smallholders.
Just like P&G, the Canadian food company, GIVE and GO starts supporting the independent smallholders having RSPO certificate by buying credits of Certified Sustainable Palm Oil (CSPO) from 5 independent smallholders’ groups with the transaction reaching US$ 111.982 or about Rp 1,5 billion. GIVE and Go is also the new credit buyer in 2021.
The two buyers bought CSPKO with the best price, which is US$ 107/ton or more expensive than it in the previous which was US$ 65 /ton in average and bought CSPO about US$ 20/ton.
Chairman of Forum Petani Kelapa Sawit Berkelanjutan Indonesia (FORTASBI), H Narno, the support of credit buying to CSPO and CSPKO from the independent smallholders in Indonesia by the two companies would support the independent smallholders in the sustainable palm oil supply chain.
“We do believe that the palm oil buyers in the world start sharing responsibilities to encourage the values of sustainable palm oil that the independent smallholders do. We would make sure that the credit fund would be well used,” he said in the official page of FORTASBI. (T2)