During a recent meeting with global palm oil producers, Malaysia’s commodities minister expressed the country’s determination to gradually raise its biodiesel mandate. While Indonesia had already elevated its mandate to a 35% palm oil blend earlier this year, Malaysia had maintained its mandate at a 20% mix. However, Malaysia now intends to expand its biodiesel blending ratios in stages, contingent upon the preparedness of blending facilities. In an upcoming meeting, envoys from Indonesia and Malaysia are set to engage with the European Union (EU) to address the ramifications of the EU’s newly implemented deforestation law on their palm oil sectors. The discussions aim to explore the potential impact of the law on palm oil production and exports from Indonesia and Malaysia to the EU. As both countries are
major palm oil producers, these talks hold significant importance for the industry’s future. Additionally, the Council of Palm Oil Producing Countries (CPOPC), consisting of Indonesia and Malaysia as a founding members, has welcomed Honduras as its third full member. Honduras, a prominent palm oil producer and exporter in Latin America and globally, has joined the council, indicating a strengthening collaboration among these key palm oil-producing nations. While this news reflects recent developments, please bear in mind that the information provided is based on the context provided and the knowledge available up until September 2021. Subsequent updates or changes may have occurred since then.