Malaysia slams EU deforestation-free law for blocking palm oil market access

that requires companies to produce a due diligence statement showing their supply chains are not contributing to the destruction of forests, or risk hefty fines.Malaysia's Deputy Prime Minister and Commodities Minister Fadillah Yusof said on Friday this will affect free and fair trade, and adversely impact the global supply chain.

Palm oil, which is used to make everything from cookies to cosmetics and fuel, is the world's cheapest vegetable oil. But environmental groups have blamed its cultivation for widespread deforestation. "Deforestation-free and legally produced palm oil will continue to be placed on the EU market," Rokas said.

Both sides ignoring the underlying problem, human overpopulation. Nothing is sustainable with 8 billion people (and rising).

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks flat at the open as markets wind down for the holidaysEuropean markets opened marginally higher Friday after ending in the red during the previous session. lol the markets waiting for retail to buckle good luck people ain’t selling yet, but they will summer next year
Source: CNBC - 🏆 12. / 72 Read more »

Malaysia slams EU deforestation-free law for blocking palm oil market accessMalaysia, the world's second largest palm oil producer, on Friday accused the European Union (EU) of blocking market access of the edible oil with a new law that prevents the sale of commodities linked to deforestation in the 27-country bloc. Both sides ignoring the underlying problem, human overpopulation. Nothing is sustainable with 8 billion people (and rising).
Source: Reuters - 🏆 2. / 97 Read more »