Tag: palm oil

EU implements II renewable energy directive Palm oil producers continue to increase production

Palm oil (CPO) faces even more serious challenges, especially from the outside world. Palm oil producers are facing the EU’s negative publicity campaign on palm oil, which is affecting commodity prices. Nonetheless, palm oil producers still expressed optimism that production will increase. Astra Agro Lestari (AALI) said it is not directly affected by EU policy.

Indonesian palm oil association says EU discriminatory

In a bid to increase renewable energy use in Europe, the European Commission adopted a new regulatory framework in June 2018. With the EU Renewable Energy Directive (RED II) the European Union applied new criteria March 13 for crops used for the production of biofuels: They must be sustainable and not cause deforestation through indirect

Malaysian state palm oil firm Felda seeks $1.5 billion government bailout: Bloomberg

KUALA LUMPUR (Reuters) – Malaysia’s state palm oil plantation agency, the Federal Land Development Authority, is seeking 6 billion ringgit ($1.5 billion) from the government to help turn itself around, Bloomberg reported on Tuesday. The request will be included in a white paper on the company scheduled to be introduced in parliament on Wednesday, Bloomberg