Crucial 2024 likely for palm oil industry

CPOPC's Nageeb said the main challenge is addressing the negative perceptions about palm oil.

KUALA LUMPUR: The Council of Palm Oil Producing Countries (CPOPC) views 2024 to be a critical year for the palm oil industry, underpinned by the upcoming enforcement of the new European Union Deforestation-Free Regulation (EUDR) as well as other new legislations.

CPOPC deputy secretary general Datuk Nageeb Wahab said the main challenge confronting the palm oil industry remains to be on addressing the negative perceptions towards the commodity and the imminent implementation of a new legislation, namely the forced labour legislation, as an upcoming regulatory concern.