Malaysian planters gear up for EUDR compliance amid calls to delay its implementation

Published 2024년 10월 1일

Tridge summary

Amid calls for the European Commission to delay the European Union Deforestation Regulation (EUDR), major Malaysian plantation companies assert their readiness for its implementation by December 30, 2024, having conducted deforestation assessments and established traceability systems. However, the lack of critical implementation guidelines from the EC raises concerns about the regulation's impact on smallholders, who may be excluded from the market due to high compliance costs. Stakeholders, including the Indonesian ambassador and organizations like Solidaridad, propose solutions such as inclusivity quotas and support funds to aid smallholders, with calls for extended timelines and exemptions to help them meet the new standards.

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Original content

This article first appeared in The Edge Malaysia Weekly on September 23, 2024 - September 29, 2024 AMID growing calls for the European Commission (EC) to delay the European Union Deforestation Regulation (EUDR), the major plantation companies in Malaysia say they are prepared for Dec 30, 2024 — the day the regulation comes into effect. These companies say they have been proactive in conducting deforestation assessments and establishing traceability systems to ensure that their palm oil supply chains are deforestation-free and compliant with EUDR requirements. “UP is ready to comply with EUDR for its palm oil exports,” United Plantations Bhd (KL:UTDPLT) vice-chairman and CEO Datuk Carl Bek-Nielsen tells The Edge. “The basic thing is to demonstrate that the company produces palm oil on land where no deforestation has taken place after 2020. This is not a problem for us to provide evidence for. Secondly, whether we have the landownership, which is also not a problem,” he adds. UP ...

Source: Theedgemarkets