Malaysia says it could stop palm oil exports to EU after new curbs

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KUALA LUMPUR - Malaysia said on Thursday (Jan 12) it could stop exporting palm oil to the European Union in response to a new EU law aimed at protecting forests by strictly regulating sale of the product. Commodities Minister Fadillah Yusof said Malaysia and Indonesia would discuss the law, which bans sale of palm oil and other commodities linked to deforestation...

A worker pushes a wheelbarrow of fresh fruit bunches of oil palm tree during harvest at a palm oil plantation in Kuala Selangor, Selangor, Malaysia, on April 26, 2022.KUALA LUMPUR - Malaysia said on Thursday it could stop exporting palm oil to the European Union in response to a new EU law aimed at protecting forests by strictly regulating sale of the product.

"If we need to engage experts from overseas to counter whatever move by EU, we have to do it," Fadillah told reporters on the sidelines of a seminar on Thursday. Environmental activists blame the palm oil industry for rampant clearing of Southeast Asian rainforests, though Indonesia and Malaysia have created sustainability certification standards mandatory for all plantations.

CPOPC, which is led by Indonesia and Malaysia, has previously accused the EU of unfairly targeting palm oil.

 

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