Najib: Malaysia and Indonesia agree to jointly address EU resolution on palm oil

  • Nation Premium
  • Wednesday, 22 Nov 2017

Many plantation analysts have revised downward their average CPO price projections this year to RM2,360 -RM2,510 per tonne from RM2,700-RM2,750 per tonne previously .

KUCHING: Malaysia and Indonesia have agreed to jointly address concerns raised by the European Union's resolution on palm oil, which they see as discriminatory and disadvantageous to the industry.

Prime Minister Datuk Seri Najib Tun Razak said the EU resolution, which linked palm oil production with deforestation, would adversely impact 600,000 Malaysian and 17.5 million Indonesian smallholders.

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