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An alternative to the anonymous credit trading on PalmTrace are off-market deals. Off-market deals offer the possibility to support a certified palm oil producer of your choice. By buying credits directly and privately from the producer, whether an oil mill or an independent smallholder, the origin of the credits you purchase is traceable. This allows for both freedom to determine your own price in negotiation and the possibility to decide where your credits originate from. Off –market deals are always reported on the PalmTrace platform. How to go about making an off- market deal and how to report this, please see the step by step guide.
Contact an RSPO certified grower and make a bid for your desired credits. In the bid email include the credit type, quantity and credit price in $ USD (excluding RSPO/UTZ brokerage).
Once you have reached an agreement, either the buyer or seller has to report the deal online on PalmTrace. The deal will become visitble in the market but the price will not be disclosed.
Trade confirmation emails and invoices will be sent by UTZ once you have reported the deal online.
As a credit buyer, you will be invoiced for the total price of credits you have purchased and an administration fee (if applicable).
An administration fee is charged per credit purchased. This fee allows UTZ to maintain and improve the PalmTrace trading platform, and allows RSPO to support the transition towards sustainable production. The credit trading process is managed in the most transparent way and allows for 24/7 trading with the most up to date market information, plus provides unlimited customer support.
Credit prices are determined by the interaction between supply and demand. The credit market rate varies over time and depends on many external factors, such as yields, credits offered, the amount of off market deals and more. Log in to PalmTrace to get the most current pricing information and view the PalmTrace Marketplace page for an overview of the historical development of supply and demand and corresponding credit prices.
For independent smallholder groups, it can sometimes be difficult to sell Fresh Fruit Bunches to a certified mill. In this case, the sustainable production of their palm oil is in vain, since there are no interested parties buying their volume. Smallholders groups can sell RSPO credits online that represent their sustainable certified fresh fruit bunches that they produce. This way they receive a premium that creates a business case for smallholder certification. RSPO Credits creates a trading option for smallholder groups and makes RSPO more inclusive. As a buyer, RSPO Credits allows you to support independent smallholders directly and to engage independent smallholders in the sustainable supply chains. Please view RSPO smallholder stories to read more in-depth information on how the production of RSPO certified palm oil benefits smallholders and their families.
A step-by-step guide to credit trading.
More on offsetting your palm oil usage, hot to use credits for claims and PalmTrace fees
Read more on if and how your company will be audited for using PalmTrace credits.