Will The Palm Oil Sector Adapt To New EU Sustainability Standards?

Khor Yu Leng, Principal, Segi Enam Advisors

09-Mar-23 08:30

Will The Palm Oil Sector Adapt To New EU Sustainability Standards?

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The EU is set to introduce the Deforestation-Free Products Regulation (EUDR) that would require companies to produce a due diligence report with "verifiable" information that commodities such as palm oil, cocoa, soy and timber were not grown on land deforested after 2020. Will the new EUDR become another trade barrier for palm oil when it comes into force and how prepared are Malaysian palm oil players in meeting the standards? Political economist Khor Yu Leng weighs in on what the palm oil industry can do to adapt to new sustainability imperatives.

Image credit: Shutterstock

Produced by: Moh Heng Ying

Presented by: Shazana Mokhtar, Keith Kam

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Categories: environment, government, international

Tags: eudr, palm oil exports, deforestation, palm oil,

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