Top palm oil firms facing EU firing rethink trade strategy
Major producers in Indonesia and Malaysia are looking at new markets ranging from Africa to Myanmar
Add BT as a preferred source
Kuala Lumpur
FACING a backlash in Europe over palm oil's environmental toll, the world's top producers are scrambling to find new markets and even striking unusual barter deals, such as exchanging Sukhoi jets for the edible oil.
The European Union is the second-largest palm oil export destination after India for both Malaysia and Indonesia, which dominate production in a global market worth at least US$40 billion.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Room for more offices, homes and green spaces to make Orchard Road more vibrant
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
MAS revises takeover and merger code to enhance competition and disclosures
