Strategy to fight anti-palm oil lobby will pressure EU

RHB Research expects Indonesia’s policies will continue to play a big part in the CPO price direction in 2023.

BANGI: The strategic cooperation with Indonesia to fight the anti-palm oil lobby will be able to put pressure on the European Union (EU), says Malaysian Palm Oil Board (MPOB) director-general Datuk Dr Ahmad Parveez Ghulam Kadir.

He said the move may be one option that the world’s two biggest palm oil producers could undertake to fight the discrimination by the EU on palm oil following the new rules on deforestation by the trade bloc.