Latest news with #DeforestationRegulation
The Sun
2 days ago
- Business
- The Sun
Apical Advances EUDR Readiness Ahead of Full Regulatory Implementation
SINGAPORE - Media OutReach Newswire - 30 July 2025 - Apical has successfully implemented a robust management system to ensure full compliance with the European Union's Deforestation Regulation (EUDR), which is set to take effect in December 2025. The company's system assures a traceable, sustainable and deforestation-free supply chain, aligning with the stringent requirements of the regulation. In preparation for the regulation's full implementation, Apical successfully completed several EUDR-compliant trial shipments of palm oil and palm kernel oil products in the second half of 2024. This milestone underscores Apical's commitment to meeting the evolving sustainability expectations of its customers and stakeholders. Apical's readiness is built on its comprehensive Deforestation-Free Due Diligence (DFDD) Implementation Framework, which has undergone rigorous third-party assessment and verification. The framework is structured around seven key focus areas: 1. Governance: A solid governance structure, led by a dedicated management team, has established the necessary frameworks, Standard Operating Procedures (SOPs) and policies to ensure EUDR compliance. 2. Internal Capacity-Building: Apical's employees are continuously trained on EUDR requirements, ensuring full organisational alignment and commitment from management. 3. Supplier Profiling & Prioritisation: Suppliers are identified using a risk-calibrated approach, prioritising those who meet compliance standards. 4. Supplier Due Diligence & Risk Mitigation: Apical has actively engaged suppliers to promote EUDR understanding, while also initiating data collection, risk assessments, spatial analysis, supplier field visits and reviewing and approving SOPs for EUDR-compliant suppliers. 5. Operational Compliance: Apical ensures all facilities designated for receiving, processing, storage and shipment of products comply with regulatory requirements. 6. Digital Platform for Transparency: Apical has developed a DFDD digital platform that offers suppliers and customers an easy interface to exchange EUDR-compliant information, providing essential data such as supply chain traceability, deforestation visual analysis and due diligence statements for each shipment. 7. Third-Party Verification: Apical's EUDR readiness has been independently verified by third-party assessors, ensuring further transparency in its processes and offering assurance to customers. 'At Apical, we see the EUDR as a transformative milestone to strengthen resilience and accountability across the palm oil sector. Our readiness for this regulation transcends compliance – it sets a new benchmark for responsible production. By embedding innovation and transparency into every link of our supply chain, we are forging stronger partnerships, aligning with global sustainability goals, and delivering enduring value to communities, ecosystems, and stakeholders alike,' said Tor Mooi See, Director of Sustainability at Apical. A member of the Royal Golden Eagle (RGE) group of companies founded by Sukanto Tanoto, Apical's ongoing efforts to exceed sustainability standards underscore its role in shaping the future of the palm oil industry. By fostering a deforestation-free, traceable and sustainable supply chain, the company is not only addressing critical environmental challenges but also contributing to a more equitable and resilient global economy.
Arabian Post
2 days ago
- Business
- Arabian Post
Apical Advances EUDR Readiness Ahead of Full Regulatory Implementation
SINGAPORE – Media OutReach Newswire – 30 July 2025 – Apical has successfully implemented a robust management system to ensure full compliance with the European Union's Deforestation Regulation (EUDR), which is set to take effect in December 2025. The company's system assures a traceable, sustainable and deforestation-free supply chain, aligning with the stringent requirements of the regulation. In preparation for the regulation's full implementation, Apical successfully completed several EUDR-compliant trial shipments of palm oil and palm kernel oil products in the second half of 2024. This milestone underscores Apical's commitment to meeting the evolving sustainability expectations of its customers and stakeholders. Apical's readiness is built on its comprehensive Deforestation-Free Due Diligence (DFDD) Implementation Framework, which has undergone rigorous third-party assessment and verification. The framework is structured around seven key focus areas: ADVERTISEMENT 1. Governance: A solid governance structure, led by a dedicated management team, has established the necessary frameworks, Standard Operating Procedures (SOPs) and policies to ensure EUDR compliance. 2. Internal Capacity-Building: Apical's employees are continuously trained on EUDR requirements, ensuring full organisational alignment and commitment from management. 3. Supplier Profiling & Prioritisation: Suppliers are identified using a risk-calibrated approach, prioritising those who meet compliance standards. 4. Supplier Due Diligence & Risk Mitigation: Apical has actively engaged suppliers to promote EUDR understanding, while also initiating data collection, risk assessments, spatial analysis, supplier field visits and reviewing and approving SOPs for EUDR-compliant suppliers. 5. Operational Compliance: Apical ensures all facilities designated for receiving, processing, storage and shipment of products comply with regulatory requirements. 6. Digital Platform for Transparency: Apical has developed a DFDD digital platform that offers suppliers and customers an easy interface to exchange EUDR-compliant information, providing essential data such as supply chain traceability, deforestation visual analysis and due diligence statements for each shipment. 7. Third-Party Verification: Apical's EUDR readiness has been independently verified by third-party assessors, ensuring further transparency in its processes and offering assurance to customers. 'At Apical, we see the EUDR as a transformative milestone to strengthen resilience and accountability across the palm oil sector. Our readiness for this regulation transcends compliance – it sets a new benchmark for responsible production. By embedding innovation and transparency into every link of our supply chain, we are forging stronger partnerships, aligning with global sustainability goals, and delivering enduring value to communities, ecosystems, and stakeholders alike,' said Tor Mooi See, Director of Sustainability at Apical. A member of the Royal Golden Eagle (RGE) group of companies founded by Sukanto Tanoto, Apical's ongoing efforts to exceed sustainability standards underscore its role in shaping the future of the palm oil industry. By fostering a deforestation-free, traceable and sustainable supply chain, the company is not only addressing critical environmental challenges but also contributing to a more equitable and resilient global economy. Hashtag: #RGE #Apical #EUDR #Palm #Sustainability #DFDD #Regulation The issuer is solely responsible for the content of this announcement. About Apical Apical is a leading vegetable oil processor with an expanding global footprint. Our vertically integrated mid-stream refining and value-added downstream processing makes us an integral supplier that supports the needs of various industries namely food, feed, oleochemicals and renewable fuel, including sustainable aviation fuel (SAF) which enables a great reduction of CO2 emissions. With integrated assets in strategic locations spanning Indonesia, China and Spain, Apical operates numerous refineries, oleochemical plants, renewable fuel plants and kernel crushing plants. Through joint ventures and strategic partnerships, Apical also has processing and distribution operations in Brazil, India, Pakistan, Philippines, Middle East, Africa, USA and Vietnam. Apical's growth is built on the foundations of sustainability and transparency, and motivated by our strong belief that we can contribute to a circular economy for a more meaningful impact, even as we continue to grow our business and deliver innovative solutions to our customers.
Zawya
2 days ago
- Business
- Zawya
Apical Advances EUDR Readiness Ahead of Full Regulatory Implementation
SINGAPORE - Media OutReach Newswire - 30 July 2025 - Apical has successfully implemented a robust management system to ensure full compliance with the European Union's Deforestation Regulation (EUDR), which is set to take effect in December 2025. The company's system assures a traceable, sustainable and deforestation-free supply chain, aligning with the stringent requirements of the regulation. In preparation for the regulation's full implementation, Apical successfully completed several EUDR-compliant trial shipments of palm oil and palm kernel oil products in the second half of 2024. This milestone underscores Apical's commitment to meeting the evolving sustainability expectations of its customers and stakeholders. Apical's readiness is built on its comprehensive Deforestation-Free Due Diligence (DFDD) Implementation Framework, which has undergone rigorous third-party assessment and verification. The framework is structured around seven key focus areas: 1. Governance: A solid governance structure, led by a dedicated management team, has established the necessary frameworks, Standard Operating Procedures (SOPs) and policies to ensure EUDR compliance. 2. Internal Capacity-Building: Apical's employees are continuously trained on EUDR requirements, ensuring full organisational alignment and commitment from management. 3. Supplier Profiling & Prioritisation: Suppliers are identified using a risk-calibrated approach, prioritising those who meet compliance standards. 4. Supplier Due Diligence & Risk Mitigation: Apical has actively engaged suppliers to promote EUDR understanding, while also initiating data collection, risk assessments, spatial analysis, supplier field visits and reviewing and approving SOPs for EUDR-compliant suppliers. 5. Operational Compliance: Apical ensures all facilities designated for receiving, processing, storage and shipment of products comply with regulatory requirements. 6. Digital Platform for Transparency: Apical has developed a DFDD digital platform that offers suppliers and customers an easy interface to exchange EUDR-compliant information, providing essential data such as supply chain traceability, deforestation visual analysis and due diligence statements for each shipment. 7. Third-Party Verification: Apical's EUDR readiness has been independently verified by third-party assessors, ensuring further transparency in its processes and offering assurance to customers. "At Apical, we see the EUDR as a transformative milestone to strengthen resilience and accountability across the palm oil sector. Our readiness for this regulation transcends compliance – it sets a new benchmark for responsible production. By embedding innovation and transparency into every link of our supply chain, we are forging stronger partnerships, aligning with global sustainability goals, and delivering enduring value to communities, ecosystems, and stakeholders alike," said Tor Mooi See, Director of Sustainability at Apical. A member of the Royal Golden Eagle (RGE) group of companies founded by Sukanto Tanoto, Apical's ongoing efforts to exceed sustainability standards underscore its role in shaping the future of the palm oil industry. By fostering a deforestation-free, traceable and sustainable supply chain, the company is not only addressing critical environmental challenges but also contributing to a more equitable and resilient global economy. Hashtag: #RGE #Apical #EUDR #Palm #Sustainability #DFDD #Regulation The issuer is solely responsible for the content of this announcement. About Apical Apical is a leading vegetable oil processor with an expanding global footprint. Our vertically integrated mid-stream refining and value-added downstream processing makes us an integral supplier that supports the needs of various industries namely food, feed, oleochemicals and renewable fuel, including sustainable aviation fuel (SAF) which enables a great reduction of CO2 emissions. With integrated assets in strategic locations spanning Indonesia, China and Spain, Apical operates numerous refineries, oleochemical plants, renewable fuel plants and kernel crushing plants. Through joint ventures and strategic partnerships, Apical also has processing and distribution operations in Brazil, India, Pakistan, Philippines, Middle East, Africa, USA and Vietnam. Apical's growth is built on the foundations of sustainability and transparency, and motivated by our strong belief that we can contribute to a circular economy for a more meaningful impact, even as we continue to grow our business and deliver innovative solutions to our customers. RGE
Belfast Telegraph
22-07-2025
- Business
- Belfast Telegraph
The £5 latte cannot be far away: hedge funds and iced drinks are driving change in the coffee market
Prices have fallen back a little in recent months — but right now, the green coffee beans that are the basic raw material for your flat white are 47% more expensive than they were a year ago, says Sheila Dowling, commercial director at Bewley's, the Republic of Ireland's best-known bean roaster. That means Bewley's is paying €1.7m (£1.5m) more this year for its usual order of green beans — and coffee consumers have been hit with price rises of as much as 30% a cup. The nightmare scenario for everyone in the sector is to see the price of a cup of coffee rise above €5 (£4.30) — a level that would be hard for consumers to swallow and businesses to sustain, says Ms Dowling. But when, earlier this year, the price of beans on the market rose towards $5 (£3.70) a pound, that looked set to become a reality. 'Coffee was always around $1.20 a pound, maybe $1.40. But after Covid, things really started to change. We had Ukraine. Then we had the Suez Canal, then the Red Sea. It was the perfect storm — and by February of this year, it had risen to over $4.20.' Earlier this month it was reported that the boss of coffee giant Lavazza blamed hedge fund speculation for the volatility. Ms Dowling agrees, but believes that a huge amount of supply that has been bought by speculators will at some point be released into the market and help moderate the price. But the EU's new Deforestation Regulation (EUDR), which comes into force in January and aims to curb deforestation linked to the production of commodities such as coffee, could push prices back up. In recent months, the price of coffee has fallen slowly, and by last week it was back at $3 a pound. 'But when you think of the weeks ahead, with Trump and tariffs and exchange rates, you just don't know where it's going to go,' she says. Despite the price of coffee soaring to global highs this year, Ms Dowling suggests coffee may be an affordable luxury for younger people. 'Where people have disposable income is in colleges and universities — they are more likely to spend income than save for a rainy day.' And that generation, she says, is driving another massive sea-change — the cold brew. Coffee lovers under 35 are driving an explosion of iced beverages, a new report by UK-based coffee syrup manufacturer Beyond the Bean has found. Iced beverage consumption in the UK has surged by 26.7% since 2023, driven mainly by millennial/Gen Z consumers. 'There is speculation that younger people will eventually revert to hot coffee, but I don't think that will be the case. If we look at sales data on Starbucks in the US, 80% of their coffee is now served cold.' The trend could have big implications, both for coffee shops and for producers such as Bewley's. Cold brew is produced differently than traditional coffee and is supplied as a concentrate. To meet the expected demand for cold brew here, Bewley's has spent 18 months sourcing a cold brew product to bring to the Irish coffee market. The Bewley's Columbian Fairtrade Cold Brew process involves coffee grounds being slowly steeped in cool water, which extracts a less acidic flavour from the bean, says Ms Dowling. 'It's moving fast from a low base, and 50% of Gen Z are now saying they will drink cold all year round,' she says. 'We're working with a partner right now, but it is our ambition to invest in our own business to produce a cold brew. But it's a very different process and it'd be like setting up a whole new factory.'
Irish Independent
20-07-2025
- Business
- Irish Independent
The €5 latte cannot be far away: hedge funds and iced drinks are driving change in the coffee market
The wholesale price of coffee rose 47pc in a year – is nothing sacred? Fearghal O'Connor With hedge funds driving volatile coffee bean markets to record highs in recent months and a growing taste for cold coffee brews amongst young people, the coffee sector is facing big changes. Prices have fallen back a little in recent months – but right now, the green coffee beans that are the basic raw material for your flat white are 47pc more expensive than they were a year ago, says Sheila Dowling, commercial director at Bewley's, the country's best known bean roaster. That means Bewley's is paying €1.7m more this year for its usual order of green beans – and coffee consumers have been hit with price rises of as much as 30pc a cup. The nightmare scenario for everyone in the sector is to see the price of a cup of coffee rise above €5 – a level that would be hard for consumers to swallow and businesses to sustain, says Dowling. But when, earlier this year, the price of beans on the market rose towards $5 a pound that looked set to become a reality. 'Coffee was always around $1.20 a pound, maybe $1.40. But after Covid things really started to change. We had Ukraine. Then we had the Suez Canal, then the Red Sea. It was the perfect storm – and by February of this year it had risen to over $4.20.' Last week it was reported that the boss of coffee giant Lavazza blamed hedge fund speculation for the volatility. Dowling agrees, but believes that a huge amount of supply that has been bought by speculators will at some point be released into the market and help moderate the price. But the EU's new Deforestation Regulation (EUDR), which comes into force in January and aims to curb deforestation linked to the production of commodities such as coffee, could push prices back up. In recent months the price of coffee has fallen slowly, and by last week it was back at $3 a pound. 'But when you think of the weeks ahead, with Trump and tariffs and exchange rates, you just don't know where it's going to go,' she says. ADVERTISEMENT Despite the price of coffee soaring to global highs this year, Dowling suggests coffee may be an affordable luxury for younger people. 'Where people have disposable income is in colleges and universities – they are more likely to spend income than save for a rainy day.' And that generation, she says, is driving another massive sea-change – the cold brew. Coffee lovers under 35 are driving an explosion of iced beverages, a new report by UK-based coffee syrup manufacturer Beyond the Bean has found. Iced beverage consumption in the UK has surged by 26.7pc since 2023, driven mainly by millennial/Gen Z consumers. 'There is speculation that younger people will eventually revert to hot coffee, but I don't think that will be the case. If we look at sales data on Starbucks in the US, 80pc of their coffee is now served cold.' The trend could have big implications, both for coffee shops and for producers such as Bewley's. Cold brew is produced differently than traditional coffee and is supplied as a concentrate. To meet the expected demand for cold brew here, Bewley's has spent 18 months sourcing a cold brew product to bring to the Irish coffee market. The Bewley's Columbian Fairtrade Cold Brew process involves coffee grounds being slowly steeped in cool water, which extracts a less acidic flavour from the bean, says Dowling. 'It's moving fast from a low base, and 50pc of Gen Z are now saying they will drink cold all year round,' she says. 'We're working with a partner right now but it is our ambition to invest in our own business to produce a cold brew. But it's a very different process and it'd be like setting up a whole new factory.'
