PalmTrace operational since January, market for GreenPalm closing 31 March, 2017
RSPO PalmTrace replaced RSPO eTrace as the RSPO IT system in January 2017, with the introduction of new features. For example, trade of RSPO-certified volumes across all four supply chain models (Identity Preserved, Segregated, Mass Balance, Book and Claim) is now possible in PalmTrace.
GreenPalm makes way for Credits
The launch of PalmTrace also coincided with RSPO discontinuing its endorsement of GreenPalm in December 2016. As of 31 March 2017, the market for GreenPalm Certificates will close. The Book and Claim supply chain model is now supported by the trade of RSPO Credits in RSPO PalmTrace, as shown below.
The market prices for RSPO Credits and the current offers and bids can be seen on our website here. If you would like to place a bid or make an offer, please log in to PalmTrace.
You can also refer to our quick start guide for sellers and buyers to prepare yourself for trading RSPO Credits.
Reduced fees
The new reduced fees charged to the first buyer, buying from the mill for the physical transactions of IP, and MB will be:
CSPO (Certified Sustainable Palm Oil) – USD 1.45 / MT
CSPK (Certified Sustainable Palm Kernels) – USD 0.65 / MT
Please find below the fees for the different types of RSPO Credits and the fee that will be charged to the buyer of the credits.
RSPO Credits sold by mills:
CSPO (Certified Sustainable Palm Oil) – USD 1.45 / RSPO Credit
RSPO Credits sold by crushers:
CSPKE (Certified Sustainable Palm Kernel Expeller) – USD 1.45 / RSPO Credit
CSPKO (Certified Sustainable Palm Kernel Oil) – No fee as this is already levied over CSPK
RSPO Credits sold by independent smallholders (IS)
IS-CSPO – USD 1.45 / RSPO Credit
IS-CSPKO – USD 1.45 / RSPO Credit
IS-CSPKE – USD 1.45 / RSPO Credit
For more information on this topic, buyers of Credits can contact us here and sellers can write to our RSPO Certification Team at [email protected].
or questions regarding the usage of RSPO PalmTrace, please contact the PalmTrace support team.
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