Palm oil spot markets have become a backdoor that has allowed non-compliant producers to enter into the supply chains of companies with No Deforestation, No Peatland, and No Exploitation policies. The spot market’s nature allows palm products to cross many hands before reaching their final destinations, making due diligence difficult.
Chain Reaction Research (CRR) analysts held a webinar on July, 22nd for a discussion on the palm oil spot market, how it contributes to deforestation and what market players can do to perform due diligence to reduce their exposure to deforestation.