Malaysia, 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.
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.
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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.
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