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 PNG Conservation and Environment Protection Authority,  PNG Forestry Authority,  PNG Department of National Planning & Monitoring,  PNG Department of Agriculture and Livestock,  Climate Change and Development Authority in PNG

Oil palm prices may hold up in the medium term, with strong demand from India and China. Yet, like other non-oil commodities, oil palm prices are likely to remain volatile, and to experience a long term relative price decline. (Chapter 3). World prices are not the main problem for small farmers in PNG. Three factors are likely to place a ceiling on the economic benefits for small farmers: (i) small farmers remain at the highly competitive end of a large grower market, with little market power, keeping them as ‘price takers’; (ii) a large monopsony (all

 PNG Department of Agriculture and Livestock,  PNG Oil Palm Industry Corporation, Department of Agriculture and Livestock

Sustainable palm oil production is comprised of legal, economically viable, environmentally appropriate and socially beneficial management and operations. This is delivered through the application of the following set of Principles and Criteria, and the accompanying Indicators and Guidance.