KUALA LUMPUR (June 14): The implementation of the European Union Deforestation-free Regulation (EUDR) will not affect Malaysia's palm oil growth and revenue, as EU imports are insignificant compared to other countries.  Malaysian Palm Oil Board (MPOB) chairman Mohamad Helmy Othman Basha said Malaysia exported about 1.5 million tonnes to the EU from a total production of about 20 million tonnes last year. Therefore, the amount is small. 'We know palm oil consumption growth is not coming from the EU, but it will be from India, China, Africa, the Middle East and other places.

http://klse.i3investor.com/web/blog/detail/savemalaysia/2023-06-14-story-h-267843838-EU_Deforestation_free_Regulation_will_not_affect_palm_oil_growth_revenu

#i3investor