date:Feb 14, 2023
has suspended half of palm oil export permits to maintain domestic supplies during the countrys upcoming Islamic festivities in the nation. Meanwhile, Malaysia has announced it will consider retaliation moves in the form of export cuts to restrict palm oil sold to the EU, in case the bloc moves forward with the deforestation regulation.
Meanwhile, the EU is inching closer to approving a new deforestation regulation, which would cut deforestation globally by not allowing the import of product