Malaysia Palm Oil Body Says EU Delay on Deforestation Rule Key to Address Concerns

Malaysia's state palm oil agency said on Thursday that it welcomed the European Union's proposal to delay the launch of its anti-deforestation law for a second time.

The decision will allow time for the EU to address concerns about the implementation of the regulation, as well as its significant operational and structural flaws, the Malaysian Palm Oil Council said in a statement.

The EU deforestation regulation, known as EUDR, will ban the imports of commodities including soy, beef, cocoa and palm oil that are linked to forest destruction..

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