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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

Malaysia is more reliant on palm oil exports than Indonesia, shipping out more than 90 per cent of its palm oil last year, compared to about 70 per cent by Indonesia.

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...

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