{"id":26245,"date":"2023-03-10T13:12:57","date_gmt":"2023-03-10T06:12:57","guid":{"rendered":"https:\/\/gapki.id\/en\/?p=22807"},"modified":"2023-03-10T13:12:57","modified_gmt":"2023-03-10T06:12:57","slug":"analyst-other-markets-will-save-palm-oil-from-eu-impact","status":"publish","type":"post","link":"https:\/\/gapki.id\/en\/news\/2023\/03\/10\/analyst-other-markets-will-save-palm-oil-from-eu-impact\/","title":{"rendered":"Analyst: Other Markets Will Save Palm Oil From EU Impact"},"content":{"rendered":"

The European Union’s deforestation law is unlikely to have a meaningful impact on demand for Southeast Asian palm oil as the surplus is shrinking amid rising consumption from developing countries, a leading industry analyst said on Monday, 07 March 2023.<\/p>\n

\"\"<\/a><\/p>\n

The EU in December agreed a deforestation law that requires companies to produce a due diligence statement and provide “verifiable” information that commodities, including oil palm, were not grown on land deforested after 2020, or risk hefty fines.<\/p>\n

The regulation has been welcomed by environmentalists as an important step to protect forests, but palm oil producers have accused the EU of blocking market access for the edible oil. James Fry, chairman of commodities consultancy LMC International, told Reuters<\/em> the regulation could reduce import demand in the EU, but the surplus will be absorbed by buyers such as India, Bangladesh, Pakistan and African countries.<\/p>\n

“There is not enough palm to meet all the markets, and India would be very happy if the EU’s deforestation law meant there was more palm oil for India,” Fry said in an interview.<\/p>\n

The European Union is the world’s third largest palm oil importer with a shrinking market of less than 10%, while Asian countries such as India and China account for more than 40% of global imports.<\/p>\n

Output of the tropical oil has been rising in top producer Indonesia, but the surplus has been largely absorbed locally because of its ambitious biodiesel mandate, he said. Indonesia in February launched its biodiesel program with a mandatory 35% palm oil content, expanding from the previous 30%, aimed at reducing reliance on imported diesel and propping up demand.<\/p>\n

In the second biggest producer Malaysia, where production last year was 18.45 million tons, Fry said output had started to plateau because replanting of unproductive oil palm trees had slowed down. “In Malaysia, the challenge will be whether production will exceed over 20 million tons,” he said.<\/p>\n

Palm oil exports from the top two producing countries peaked in 2019 and are unlikely to get close to that again, Fry said. (*)<\/p>\n

Source: devdiscourse.com\/Reuters<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The European Union’s deforestation law is unlikely to have a meaningful impact on demand for Southeast Asian palm oil as the surplus is shrinking amid rising consumption from developing countries, a leading industry analyst said on Monday, 07 March 2023.<\/p>\n","protected":false},"author":1,"featured_media":22809,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","neve_meta_reading_time":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[3708,3709],"tags":[],"class_list":["post-26245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publication","category-recent-news"],"yoast_head":"\nAnalyst: Other Markets Will Save Palm Oil From EU Impact - 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Representing the association of Indonesian oil palm smallholders (APKASIND0), association of nucleus-plasma oil palm smallholders (ASPEK-PIR), My Palm Oil My Future (SAMADE),\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/03\/palmoil_sawitindonesia.com_.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/03\/palmoil_sawitindonesia.com_.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/03\/palmoil_sawitindonesia.com_.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/03\/palmoil_sawitindonesia.com_.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":26244,"url":"https:\/\/gapki.id\/en\/news\/2023\/03\/03\/ri-to-sue-eus-deforestation-law-at-wto\/","url_meta":{"origin":26245,"position":1},"title":"RI To Sue EU\u2019s Deforestation Law At WTO","author":"admin","date":"March 3, 2023","format":false,"excerpt":"Jakarta -\u00a0The Agriculture Ministry has stated that the Indonesian government will file a lawsuit at the World Trade Organization (WTO) against the European Union\u2019s (EU) deforestation law which bans imports of a number of commodities into the EU market. Director General of Plantations Andi Nur Alamsyah said that the government\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/03\/deforestation_law_en.infosawit.com_.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/03\/deforestation_law_en.infosawit.com_.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/03\/deforestation_law_en.infosawit.com_.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/03\/deforestation_law_en.infosawit.com_.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":26322,"url":"https:\/\/gapki.id\/en\/news\/2023\/06\/02\/eu-attacks-palm-oil-again-deforestation-free-label-runs-counter-to-sdgs\/","url_meta":{"origin":26245,"position":2},"title":"EU Attacks Palm Oil Again! 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The EU indeed --\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/08\/palmoil_asiatimes.com_.jpg?fit=990%2C568&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/08\/palmoil_asiatimes.com_.jpg?fit=990%2C568&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/08\/palmoil_asiatimes.com_.jpg?fit=990%2C568&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/08\/palmoil_asiatimes.com_.jpg?fit=990%2C568&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":26315,"url":"https:\/\/gapki.id\/en\/news\/2023\/05\/22\/ri-asks-importers-to-pay-premium-for-sustainable-palm-oil\/","url_meta":{"origin":26245,"position":4},"title":"RI Asks Importers To Pay Premium for Sustainable Palm Oil","author":"admin","date":"May 22, 2023","format":false,"excerpt":"KUALA LUMPUR - Indonesia, the world\u2019s largest palm oil exporter, on Wednesday urged importing countries to recognize and pay the premium for sustainably produced palm oil rather than boycotting the widely used oil, whose production critics say has been linked to deforestation. The European Union (EU) in April approved a\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/03\/palmoil_pharmanord.dk_.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/03\/palmoil_pharmanord.dk_.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/03\/palmoil_pharmanord.dk_.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/03\/palmoil_pharmanord.dk_.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":22428,"url":"https:\/\/gapki.id\/en\/news\/2022\/12\/09\/eu-deforestation-rule-blatantly-ignores-social-justice\/","url_meta":{"origin":26245,"position":5},"title":"EU Deforestation Rule Blatantly Ignores Social Justice","author":"admin","date":"December 9, 2022","format":false,"excerpt":"The so-called trilogue discussions aim to agree the final text of the regulation, which was approved by the EU Parliament in September. The new law would make it obligatory for companies to verify that goods sold in the EU have not been produced on deforested or degraded land anywhere in\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/12\/palmoil_tree_kelapasawit.png?fit=862%2C483&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/12\/palmoil_tree_kelapasawit.png?fit=862%2C483&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/12\/palmoil_tree_kelapasawit.png?fit=862%2C483&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/12\/palmoil_tree_kelapasawit.png?fit=862%2C483&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/05\/Minyak-Sawit-Kolesterol_.jpg?fit=800%2C450&ssl=1","_links":{"self":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/26245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/comments?post=26245"}],"version-history":[{"count":0,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/26245\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media\/22809"}],"wp:attachment":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media?parent=26245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/categories?post=26245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/tags?post=26245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}