CPO Producers Indonesia and Malaysia in Talks with India Amid EU Market Restrictions

Mumbai. Representatives from the world's largest crude palm oil (CPO) producers, Indonesia and Malaysia, were in India on Wednesday to attend a related conference and seek opportunities to enhance market access. This move comes as sales to the European Union have been hindered by the Deforestation Regulation.
Indonesia and Malaysia, both prominent CPO-producing countries, are the founding members of the intergovernmental organization Council of Palm Oil Producing Countries (CPOPC). Recently, they welcomed Papua New Guinea as a new member and are awaiting the accession of Honduras as the fourth member.
The purpose of the visit to India is to convince the world's largest CPO importer that products from Indonesia and Malaysia adhere to sustainable production practices and to dispel negative stereotypes associated with palm plantations in both countries, CPOPC Secretary-General Rizal Affandi Lukman said in Mumbai.
During the Sustainable Vegetable Oil Conference held later in the day in the Indian city, the CPOPC aimed to convey the message that Indonesia and Malaysia have long adhered to global standards for sustainable palm oil, he added.
Rizal also highlighted concerns about the EU's Deforestation Regulation, the ongoing conflict between Russia and Ukraine, and the rising demand for biofuel, suggesting that these factors could pose a threat to global food security.
Nageeb Wahab, a CPOPC executive from Malaysia, noted that India has taken a neutral stance in the dispute between the EU and CPO producers. However, he expressed concerns that India might be influenced by the EU in the future.
"India remains our largest buyer, but the negative perception toward the CPO industry is growing," Nageeb said.
Last year, India imported 5 million tons of CPO from Indonesia. However, it recently initiated steps to expand its own palm plantations after the Indonesian government briefly halted exports due to a shortage of domestic cooking oil supplies.
"India is currently looking to expand its palm plantation for strategic reasons, aiming to secure its domestic reserves in case of unforeseen events," Nageeb said.
Tags: Keywords:POPULAR READS
Indonesian Military Loses Combat Readiness Due to Outdated Weaponry: Expert
Indonesia's defense spending remains notably modest in the regional context, accounting for a mere 0.8 percent of the GDP.Access to Water Central in Prabowo-Gibran Campaign
Java Island, home to 56 percent of the population, holds a mere 4.5 percent of the national water reserves,Putin to Discuss Israel-Hamas War During Trip to Saudi Arabia, UAE
Putin will make the visit at a time when Russia wants to advance its role as a power broker in the conflict in the Middle East.House Confirms Appointment of 7 New Supreme Court Justices
The House’s Legal Affairs Commission dismissed the appointment of three ad hoc judges for the human rights tribunal.United Tractors' Subsidiary Acquires 70% Stake in Nickel Companies Valued at Rp 3.22 Trillion
Danusa Tambang Nusantara (DTN), a subsidiary of United Tractors, has acquired a 70 percent stake in nickel companies SPR and SMA.Popular Tag
Most Popular

