NEW DEFORESTATION REGULATION RISKS HAMPERING PALM OIL SUPPLY AND INCREASING PRICES, WARN EXPERTS
June 26th, 2023
Tightening de-forestation regulations in major oils and fats markets are having an increasing impact on palm oil producers, who say they are being targeted unfairly.
The European Union (EU)’s deforestation-free regulation (EUDR) (1) that entered into force June 29 (2023), and will become binding from December 30, 2024, will lead to higher prices and supply difficulties for palm oil importers, EU and supplier country experts argue.
“The law may not lead to a sizeable decrease of palm oil imports into the EU, but with (considerably) reduced geographical ...
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