Sell RSPO credits
As a producer of palm oil, you have different options for selling your RSPO certified volume. Selling RSPO Credits in RSPO PalmTrace is one of them.
It provides you with a fast and easy way to earn premiums for your efforts in making the palm oil market more sustainable. All volumes produced according to the RSPO Principles and Criteria are eligible to be sold as Credits.
Selling RSPO Credits is a possibility for certified oil mills, outgrowers, independent smallholders and palm kernel crushers. Apart from selling RSPO certified volume through physical supply chain models, you can choose to sell your certified volume of palm oil products through Credits by using the Book and Claim supply chain model. You can also combine these options, allocating your volumes among the different supply chains.
Online trade of Credits happens anonymously. This prevents market distortion and creates a level playing field for both buyers and sellers. You are automatically linked to bids for Credits made by buyers through RSPO PalmTrace, based on a supply and demand matching system. If you have set a price for your Credits, buyers can make a bid to match your offer. All of this happens without revealing identities from both parties, until the transaction has been made, and the identities will become known. This way, you are always informed on who will use your Credits to account for their palm (kernel) oil.
How to sell RSPO Credits
What is on offer?
Selling RSPO Credits is possible for certified oil mills, outgrowers, independent smallholders and palm kernel crushers.
As a mill:
You can sell RSPO Certified Sustainable Palm Oil (CSPO) through RSPO Credits. To do this, you have to allocate (part of) your certified CSPO to RSPO Credits. This can be done in RSPO PalmTrace. It is your choice on how much of your certified volume you will sell through the physical or Book and Claim (RSPO Credits) supply chain model.
While you cannot sell Certified Sustainable Palm Kernel Oil (CSPKO) or Certified Sustainable Palm Kernel Expeller (CSPKE) directly on RSPO PalmTrace, you can sell your Certified Sustainable Palm Kernels (CSPK) to a crusher, who can then sell the volume extracted from these kernels via the physical or Book and Claim (RSPO Credits) supply chain. These sales to crushers are reflected in RSPO PalmTrace by creating a Shipping Announcement.
As a crusher:
You can sell CSPKO or CSPKE. Once you have received CSPK from mills through a Shipping Announcement, you need to convert these to either CSPKO or CSPKE all within RSPO PalmTrace. This is done to reflect your unique crushing activity. Once converted, you can allocate your CSPKO and CSPKE volumes to be sold as RSPO Credits. You can combine selling physical CSPKO/CSPKE with selling CSPKO/CSPKE RSPO Credits as long as your allocation choices are reported correctly in RSPO PalmTrace.