Malaysia: CPOPC urges palm oil-producing countries facing EUDR to remain calm, and stay optimistic in 2024

Published 2023년 12월 13일

Tridge summary

The Council of Palm Oil Producing Countries (CPOPC) reassures palm oil producing countries about the European Union Deforestation Regulation (EUDR) to be enforced in 2025, stating that the CPOPC will communicate all necessary preparations under the joint task force. Malaysia's Deputy Prime Minister previously formed a mutual agreement with Indonesia's Coordinating Minister for Economic Affairs, aiming to protect the palm oil sector's interests and ameliorate discrimination effects in light of the EUDR. Additionally, CPOPC plans to collaborate more with producing countries which will result in a gloomy projection for Malaysia's crude palm oil trading at an anticipated decrease of RM4,000 to RM4,200 per tonne in 2023.

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Original content

KUALA LUMPUR (Dec 13): Palm oil producing countries should remain calm and optimistic next year, and not get nervous about facing the European Union Deforestation Regulation (EUDR) that will be enforced in 2025, said the Council of Palm Oil Producing Countries (CPOPC). Its secretary general Dr Rizal Affandi Lukman said the council stands ready in communicating all of the preparation under the joint task force which focuses on five work streams, namely ensuring the inclusion of smallholders in the supply chain, recognition of the national certification schemes (Malaysian Sustainable Palm Oil and Indonesian Sustainable Palm Oil), establishment of traceability tools, country benchmarking, and protection of privacy data. “We don’t have to be nervous in approaching this because under the joint task force, the CPOPC stands ready in communicating all this preparation. “So just be confident that we can pass through all the preparation smoothly next year once the EUDR is implemented,” he ...

Source: Theedgemarkets