Malaysia, the world's second-largest palm oil producer, said it might stop palm exports to the European Union after the bloc imposed additional import restrictions on the edible oil due to concerns over deforestation. Here is what the disagreement is about
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 April 26, 2022. REUTERS/Hasnoor Hussainto the European Union after the bloc imposed additional import restrictions on the edible oil due to concerns over deforestation.
The palm oil producers say they have taken steps to meet EU requirements, including stepping up their national sustainable palm oil certification standards and improving environmental protection and food safety standards, but that the bloc keeps imposing new restrictions.do not target any one country and are aimed at ensuring that commodity production does not further drive deforestation and forest degradation.
In 2022, Malaysia’s exports to the EU fell 10% from the previous year to 1.47 million tonnes. That is a 40% plunge from 2.43 million tonnes in 2015.
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