The Malaysian Palm Oil Association (MPOA) is believed to be mulling over a decision to quit the Roundtable on Sustainable Palm Oil (RSPO) grouping by the end of the year, revealed industry sources.
The 130-member MPOA is the single largest integrated voice that represents the local private plantation industry, including plantation giants such as Sime Darby Bhd, IOI Corp Bhd, Kuala Lumpur Kepong Bhd, United Plantations Bhd and Felda Global Ventures Holdings Bhd.
Apart from the MPOA, industry sources told StarBiz that at least two local plantation companies which are MPOA members and pioneering members of the RSPO have also cited their intention to quit the RSPO.
“Right now, the MPOA members are considering several options, including the official launch of the Malaysian Sustainable Palm Oil (MSPO) standard, as well as the outcome of the RSPO’s 11th Annual Meeting in Medan, Indonesia, in November before making the exit decision,” added a source who attended the closed-door MPOA AGM here yesterday.
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