Wahyu Dwi Anggoro
IDXChannel - The Malaysian government has confirmed that it will promote dialogues with the European Union after becoming chairman of the Council of Palm Oil Producing Countries (CPOPC) in 2023.
Malaysia's Deputy Prime Minister and Minister of Agriculture and Commodities Dato Sri Fadillah Yusof explained that Indonesia and Malaysia need to work together in improving the crude palm oil (CPO) Downstream industry to diversify products.
The Malaysian government will also continue to encourage cooperation with Indonesian government in supporting the interests of CPO products in Europe.
According to the Minister, Malaysia will not only encourage dialogues but also also communicate social and economic facts regarding CPO products. The country will explain that the socio-economic conditions of small CPO Farmers greatly influenced by sales of CPO products.
In addition to voicing the economic interest of low-income communities, CPOPC is committed to supporting sustainable oil palm. This will be encouraged through socialization of ISPO and MSPO certifications so that CPO products can be accepted by the international community and the standards are recognized worldwide.
“But the more important thing is how the two countries maintain a close relationship, especially in research and development in order to not only produce CPO products but also derivative products like health and beauty products. So we will not depend on edible oil,” the Malaysian minister stated.
With close cooperation the Malaysian government hopes that development of the export market for CPO products will be more diverse and have high added value.
Watch our show IDXChannel Official YouTube: Market Headlines Program Friday (10/2/2023) with the theme Malaysia Supports Downstream Development Cooperation.
(WHY)
