Stop palm oil tax, France told

Malaysian palm oil futures fell on Monday, handing back gains earlier in the session, sealing a third consecutive day of losses due to an unexpected rise in production numbers. - Reuters

KUALA LUMPUR: The Malaysian Palm Oil Council (MPOC) has condemned the vote in the French National Assembly to impose a discriminatory tax on palm oil from the developing world.

MPOC chief executive officer Tan Sri Dr Yusof Basiron said the vote ran against all evidence, supporting a protectionism that discriminates against palm oil from developing countries.