Indonesia, Malaysia to visit Brussels over concern about EU deforestation law

THE world’s two biggest palm oil producers Indonesia and Malaysia will send top officials to the European Union (EU) next week to voice concern over a new deforestation law they believe could be detrimental to small farming businesses.

Indonesia and Malaysia accounts for about 85 per cent of global palm oil exports and the EU is their third-largest market.

The European Parliament approved a landmark deforestation law last month to ban imports into the EU of coffee, beef, soy and other commodities unless companies could provide “verifiable” information the products were not grown on land that was deforested after 2020.