Malaysia's palm oil industry faces EU law challenges, opportunities

News Image

By MG News | January 14, 2025 at 01:05 PM GMT+05:00

0:00

January 14, 2025 (MLN): The European Union’s pending anti-deforestation law presents both challenges and opportunities for Malaysia’s palm oil industry.

This was stated by Malaysia’s deputy commodities minister at an industry conference on Tuesday.

Deputy Minister Chan Foong Hin said it was crucial for the industry to understand the impact of the EU law so that domestic practices could be adapted and market access maintained, as Reuters reported.

Last month, the European Union approved a one-year delay to its landmark deforestation law, which bans the importation of palm oil, soy and other goods linked to the destruction of forests.

The bill is now due to take effect from Dec. 30, 2025.

The law requires companies and traders selling soy, beef, coffee, palm oil and other products in the EU market to provide proof their supply chains do not contribute to deforestation.

Malaysia and Indonesia, the world’s largest exporters of palm oil, have previously complained that the law and implementation rules are discriminatory.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,995.00 110,525.00
107,865.00
-420.00
-0.38%
BRENT CRUDE 67.64 67.96
67.22
-0.66
-0.97%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.84 67.18
65.40
-1.16
-1.73%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 07, 2025 at 06:02 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 05, 2025 at 11:58 PM GMT+05:00

Weekly Market Roundup


July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg