Indonesia and Malaysia move to secure palm oil exports amid talks of EU deforestation ban
date:Feb 14, 2023
s from at-risk areas.

Last January, the EU environment committee cleared the path for a momentous vote on the issue, which will happen in the following months.

Amid these developments, vegetable oil prices have been in a relentless downward trend since March 2022. The FAOs Vegetable Oil Price Index went down 2.9% in February, with oil prices standing 25% lower than a year ago the UN body states that there is a subdued global import demand for palm oil.

Trade mission
After authorities fro
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04/27 07:30