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View all search resultsFollowing the expiry of the Feb. 24 implementation deadline, the government is preparing to assess the EU's compliance with a 2025 WTO dispute ruling over its discriminatory policies against Indonesian palm oil.
The deal appears to take aim at what analysts have said are concerns in Washington about China's stranglehold on many critical minerals and the offshoring of Chinese companies' operations to countries like Indonesia.
Higher palm oil imports by India, the world's largest buyer of vegetable oils, could help reduce inventories in top producers Indonesia and Malaysia, supporting benchmark Malaysian palm oil futures, while pressuring US soy oil futures.
The Attorney General’s Office (AGO) has searched the house of former environment minister Siti Nurbaya Bakar as part of its investigation into corruption in the palm oil sector and now plans to summon her for questioning.
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