Tag Archives: palm oil

Why is EU deforestation law angering Indonesia and Malaysia?

EU deforestation

European leaders want to reduce deforestation by curbing the use of palm oil in the automotive sector. But the South East Asian nations say the restrictions are discriminatory.

Indonesia removes palm oil export levy until Aug. 31

palm oil export levy

Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding the move would not disrupt government revenues.