Indonesian, M`sian CPO producers to take on negative campaign
Indonesian and Malaysian CPO (crude palm oil) producers are cooperating and both countries have signed a memorandum of understanding to take on a negative campaign that could hinder developement of the industry
Business in Asia Today in ANTARA News/Asia Pulse | March 8, 2010
Officials said that Indonesia and Malaysia are the world's biggest palm oil producers, contributing 85 per cent of the world's CPO production and if united are capable of becoming a price determinator but according to both parties the CPO industry is currently facing a negative campaign from NGOs which claim that it is damaging forests.
They hope an independent institution can be set up to assess, in case of a negative report from a NGO, whether a company has conducted an unsustainble palm oil industrial development.
Posts
No comments:
Post a Comment