Major South East Asian palm oil producer countries are gearing up to retaliate against the European Union’s controversial deforestation regulation, with the situation rapidly devolving to the point that a trade war could be on the horizon.
Ahead of this week’s trilogue negotiations on the EU’s Deforestation Regulation, the Indonesian Palm Oil Association (IPOA/GAPKI) has complained the legislation “will increase poverty, decrease sustainable development, and undermine decades of progress...
EU-proposed due-diligence legislation has been criticised for triggering unintended consequences across the supply chain, which begs the question: will such a law actually promote climate smart food?
Members of the European Parliament (MEPs) voted today on the EU draft law on deforestation, including due diligence obligations for EU financiers investing in forest-risk sectors.
Unilever is piloting new blockchain technology, GreenToken by SAP, in a bid to increase traceability and transparency in the consumer good giant’s palm oil supply chain.
Polish food oils manufacturer Elstar Oils has confirmed that it is
starting a joint venture company with the Malaysian palm oil giant
Premium Nutrients Berhadze.
Premium Nutrients, a Malaysian producer of oils and fats, is
looking to step up its investment in the EU over the next three to
four years, with a resulting 10 per cent increase in turnover to
around RM56 million in 2005.
