palm oil

The regulation, which could severely limit the country's palm oil exports to European nations, has been strongly opposed by Kuala Lumpur.

The two nations hope to convince European regulators that their local certification efforts conform to the EU's rigorous new regulation on deforestation.

Joseph D'Cruz, the head of the Roundtable on Sustainable Palm Oil (RSPO), believes that Brussels' new rules could have a "human, social and developmental cost."

The move followed Brussels' passage of a law that could severely restrict palm oil imports to the European bloc.

President Jokowi claims that the country now has enough domestic supplies of cooking oil to control runaway price rises.

Intended to control soaring domestic cooking oil prices, the Indonesian government's ban has had a series of unintended consequences.

Palm oil firms chasing export profits were driving up costs for consumers, creating a potential political headache for the government.

The ban, which comes into effect on Wednesday, will add further upward pressure to the global price of cooking oil.

A new report claims that palm oil executives in PNG have bribed officials, paid police to brutalize villagers, used child labor, and participated in an apparent tax evasion scheme.

The country has abundant resources of biomass, a great potential source of renewable energy.

The EU is making efforts to leverage its market power to ensure that products entering the trading bloc are more environmentally sustainable.