Leading palm oil producers formulate strategy to safeguard industry

Malaysia will discuss with Indonesia a plan to formulate the best strategy to protect the oil palm industry of both countries for the future.
Malaysia’s Prime Minister Tan Sri Muhyiddin Yassin has called for the framework of the Council of Palm Oil Producing Countries (CPOPC) to be strengthened to protect the common interests of both countries.
THE European Union is looking to ban palm oil for use in biofuels out of a concern that oil palm cultivation accelerates deforestation and global warming.
Malaysia has filed for legal action against the EU with the World Trade Organisation on January 15.
CPOPC was established jointly by Malaysia and Indonesia in 2015 to champion issues related to the palm oil industry.
Minister of Plantation Industries and Commodities Datuk Dr Mohd Khairuddin Aman Razali said Malaysia would continue to work with Indonesia to oppose discrimination of palm oil products either in a two-way or multi-party relationship.
He said Indonesia and Malaysia, which are the largest and second largest producer countries in the world, were also seeking to reach an agreement in developing and maintaining the palm oil industry in both countries.