Johari Ghani calls for stronger Malaysia-Indonesia cooperation in palm oil industry

Published 2024년 11월 29일

Tridge summary

Malaysia's Plantation and Commodities Minister, Datuk Seri Johari Abdul Ghani, has called for enhanced cooperation with Indonesia to handle the regulatory challenges in the global palm oil industry. He cautioned about protectionist policies such as the EUDR, which could result in trade barriers. The Council of Palm Oil Producing Countries (CPOPC) aims to ensure fair treatment for smallholders, improve market access, and promote sustainable practices. The meeting was attended by representatives from Indonesia, Malaysia, Honduras, and Congo, among other countries. Indonesia, the world's largest palm oil producer, is using palm oil for biodiesel to combat climate change, and Malaysia and Indonesia collectively account for over 70% of the global palm oil market.

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Original content

JAKARTA (Nov 29): Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani has called for greater cooperation between Malaysia and Indonesia to address the regulatory challenges facing the global palm oil industry. Speaking at a joint press conference after the 12th Council of Palm Oil Producing Countries (CPOPC) Ministerial Meeting on Friday, the minister warned that protectionist policies, including the European Union Deforestation Regulation (EUDR), could lead to trade barriers. Johari highlighted the CPOPC’s role in creating strategies to ensure fair treatment for smallholders, improve market access, and promote sustainable practices within the sector. “The CPOPC is a vital platform to address environmental concerns while adhering to global regulations, ensuring that the benefits are shared for the betterment of our nations and the world,” he said. Johari also emphasised Indonesia’s position as the world’s largest palm oil producer, noting its use of palm oil for ...

Source: Theedgemarkets