The EU is a key palm oil importer but demand is expected to fall significantly within the next 10 years due to a renewable energy directive tothat prevents the sale of commodities linked to deforestation in the 27-country bloc, raising an outcry from top producers Indonesia and Malaysia.
Malaysian Commodities minister Fadillah Yusof urged the Council of Palm Oil Producing Countries - led by Indonesia and Malaysia - to work together against the new regulations and to combat "baseless allegations" made by the EU and the United States about the sustainability of the edible oil. "This will mean that we will have to be more coordinated in our efforts in conveying our stand and stance on policy matters that will affect the socio-economic wellbeing of our respective countries," Fadillah, who is also deputy Prime Minister, told a seminar.Indonesian President Joko Widodo and Malaysian Prime Minister Anwar Ibrahim this week agreed to "Our Standards:
Good decision for Indonesia to stop exporting to them, and look elsewhere.
Fuck palm oil! Orangutans could use a break.🦧