The name change has no impact on the functionalities already available in RSPO eTrace, and accounts created in RSPO eTrace will stay valid.
The only major change is that RSPO Credits trade will be added in PalmTrace. As announced by the RSPO in July 2016, the RSPO’s endorsement of GreenPalm ends this month (December 2016).
From January 2017, the Book and Claim supply chain model will be supported by the trade of RSPO Credits in RSPO PalmTrace, as shown below:
This model allows mills, crushers and independent smallholders to easily trade in the market for sustainable oil palm products. Trade of RSPO Credits allows the market to directly support growers who have changed their practices to meet the RSPO Principles and Criteria.
With the launch of RSPO PalmTrace, will there be a change in the volume-based fee that is currently being charged?
Yes, the volume based fee will be reduced. 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 (currently USD 1.75)
CSPK (Certified Sustainable Palm Kernels)
USD 0.65 / MT (currently USD 0.79)
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 (currently USD 2.00)
RSPO Credits sold by crushers:
CSPKE (Certified Sustainable Palm Kernel Expeller)
USD 1.45 / RSPO Credit (currently USD 2.00)
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 (currently USD 2.00)
IS-CSPKO
USD 1.45 / RSPO Credit (currently USD 2.00)
IS-CSPKE
USD 1.45 / RSPO Credit (currently USD 2.00)
Are you not an RSPO member yet, and want to buy RSPO Credits from January 2017?
Only members of RSPO are allowed to purchase RSPO Credits and subsequently make a claim. If you are not a member yet, please become a member by submitting your application here.
If you are already a member of GreenPalm, you can apply for RSPO membership and contact our membership team with your GreenPalm membership number in order to process your application quickly.
Are you a member of RSPO and want to buy or sell RSPO Credits from January 2017?
As an RSPO-certified mill, palm kernel crusher or an independent smallholder group, you need to request access to sell RSPO Credits. If you have not done so already, please download the registration form available on the RSPO PalmTrace website, fill in the required information and send it to the email address mentioned in the form.
Buyers of RSPO Credits also have to request access to purchase RSPO Credits. If you have not done so yet, please download the registration form available on the RSPO PalmTrace website, fill in the required information and send it to the PalmTrace support team.
You can also refer to our quick start guide for sellers and buyers of RSPO Credits
For more information on this topic, buyers of Credits can contact us here and sellers can write to our RSPO Head of Certification Jan Van Driel. For questions regarding the usage of RSPO PalmTrace, please contact the PalmTrace support team.
The RSPO looks forward to your support and cooperation for a successful implementation of RSPO PalmTrace, the new RSPO Credits trading platform and traceability system.
