Brokerage fee reduced with new milestone reached
Following on from our brokerage reduction back in August 2011 to $1.50. GreenPalm announced to its members that all certificate trades which take place from January 1st 2012 onwards will carry a reduced brokerage fee of $1 per certificate.
GreenPalm Brokerage Fee History (per certificate traded)
September 2008 –October 2009 $3 fee
November 2009 – July 2011 $2 fee
August 2011 – December 2011 $1.5
January 2012 – Onwards $1
The further reduction makes supporting sustainable palm oil even more cost effective for our current members. It’s important to remember that economics is one of the pillars of sustainability, lowering the cost base to start a companies journey towards their sustainable targets can play an important role in creating further demand from existing and new markets where perhaps RSPO (Roundtable Sustainable Palm Oil) sustainable palm oil has yet to gain little momentum.
New milestone reached
The end of 2011 signalled another landmark reached for GreenPalm & the RSPO with the trade of the 3 millionth certificate (one certificate = one tonne of sustainable palm oil) since trading began back in September 2008. This figure represent $3 million back to the RSPO which goes towards funding work such as the independent smallholder project.......look out for more news on this specific project in the coming months! The 3 million tonnes of RSPO sustainable palm oil sold through GreenPalm has resulted in premiums of over $20 million back to RSPO certified producers, averaging $6.80 per certificate.