Written by Lim Shie-Lynn and sourced from http://www.nasdaq.com/
KUALA LUMPUR -(Dow Jones)- Palm oil producers and government officials from Malaysia and Indonesia will meet May 3 to discuss the latest round of attacks by Greenpeace and other environmental organizations that have blamed producers for destroying rainforests and biodiversity, an industry executive said Wednesday.
The meeting, to be held in Kuching, Sarawak will discuss issues that affect the palm oil industry, including planting oil palms on peat soil, a practice that environmental groups say will increase greenhouse gas (GHG) emissions as peatland hold significant amounts of carbon.
Growers had threatened to walk out of the RSPO annual meeting last November and quit the organization if it agreed with demands by Europe and Greenpeace to include additional conditions such as GHG emissions to the already stringent certification process.
Many growers say they are burdened with too many RSPO requirements while those with certified oils feel the demand for "green" palm oil was sluggish as buyers weren't willing to pay a premium for RSPO-certified sustainable palm oil.