Malaysia and Indonesia together produce about 85 per cent of the world's palm. — Reuters pic
Malaysia and Indonesia, which together produce about 85 per cent of the world's palm, had been largely passive in response, comfortable in relying on the sustainability of demand for an oil used for cooking and in items like soaps and shampoos, snack foods, pizza, bread and biodiesel. Food accounts for nearly 70 per cent of global consumption of palm oil.
Malaysian Prime Minister Tun Dr Mahathir Mohamad has said the EU law was “grossly unfair” and was an attempt to protect alternative oils that Europe produced itself. None of the groups or individuals identified in the proposals have been transparent about their funding and have often claimed to be independent voices.
The MPOC has not spoken publicly about the campaign. It told Reuters that it uses various methods, including engagement of PR agencies and advisory firms, to pursue its objectives, but for competitive and client confidentiality reasons, it would not disclose details. MPOC also approved a 2019 budget of around US$120,000 for Invoke and US$200,000 for Unitas, the sources said.Reuters has seen a copy of an eight-page public affairs proposal distributed by DCI at the February 26 meeting with at least a dozen officials from MPOC, the Malaysian ministry of primary industries and palm oil companies. The proposal said: “The eco-colonialists have turned to a scorched earth approach of junk science and faulty logic: they label palm oil as the new tobacco.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: fmtoday - 🏆 5. / 72 Read more »
Source: malaymail - 🏆 1. / 86 Read more »