Govt urges palm oil producers to boost cooperation after EU rules

The government has called on countries producing palm oil to strengthen cooperation following new European Union (EU) legislation aimed at reducing the use of palm oil-based fuels.

The EU is a key palm oil importer but demand is expected to fall significantly within the next 10 years due to a renewable energy directive to phase out palm-based transport fuels by 2030 over perceived links to deforestation.

The bloc last month agreed on a new law that prevents the...