• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

How Smart Mattresses Improve Sleep Quality For Couples

May 9, 2025

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 9
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

    May 9, 2025

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»New EU Regulation Could Hurt Small Palm Oil Producers: Watchdog
Finance

New EU Regulation Could Hurt Small Palm Oil Producers: Watchdog

February 13, 2023No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
New EU Regulation Could Hurt Small Palm Oil Producers: Watchdog
Share
Facebook Twitter LinkedIn Pinterest Email

Pacific Cash | Financial system | Southeast Asia

Joseph D’Cruz, the top of the Roundtable on Sustainable Palm Oil (RSPO), believes that Brussels’ new guidelines may have a “human, social and developmental value.”

A palm oil plantation in North Sumatra, Indonesia.

Credit score: Depositphotos

Commercial

This week, Reuters information company conducted an interview with Joseph D’Cruz, the top of the Roundtable on Sustainable Palm Oil (RSPO), about new European rules that might severely limit the bloc’s imports of palm oil.

D’Cruz, the chief govt officer of the RSPO, stated {that a} new European Union regulation, handed in December, which requires firms to show that their provide chains aren’t contributing to deforestation, may sideline small farmers, and, by implication, result in additional consolidation of the worldwide palm oil business.

D’Cruz stated within the interview that palm oil producers who’re already licensed by the RSPO won’t discover it troublesome to adjust to the EU’s necessities, on condition that its certification course of is pretty rigorous and already prohibits deforestation and the conversion of major forests to plantations. Nevertheless, he warned that smaller producers in Asia, Africa and Latin America – even people who harvest palm oil sustainably – would discover it difficult to reveal that the attenuated provide chains of which they’re a component don’t contribute to deforestation.

“There’s a human, social, and developmental value there, which smaller, marginal producers could also be compelled to bear for the EU deforestation regulation to be carried out the way in which it’s being arrange proper now,” D’Cruz stated.

See also  US Core Inflation Seen Corroborating Higher-for-Longer Fed

For many years, the worldwide palm oil business has been linked to an extended checklist of labor rights abuses in addition to “widespread rainforest destruction and wildlife loss” in Southeast Asia. The RSPO is a non-profit group that aims to transform the sector “by bringing collectively stakeholders throughout the provision chain to develop and implement world requirements for producing and sourcing licensed sustainable palm oil.”

Having fun with this text? Click on right here to subscribe for full entry. Simply $5 a month.

Given its tight hyperlink to deforestation, palm oil is prone to come below specific scrutiny of the brand new European regulation, which can “be sure that a set of key items positioned on the EU market will not contribute to deforestation and forest degradation within the EU and elsewhere on this planet,” the European Fee stated in a statement following its passage. Along with palm oil, the regulation will even apply to cattle, soy, espresso, cocoa, timber, and rubber, in addition to varied different merchandise derived from these.

Greater than seven million smallholders globally domesticate palm oil for a dwelling, in keeping with RSPO information cited by Reuters. In Indonesia and Malaysia, the 2 prime producers of palm oil, smallholders account for about 40 % of the full space devoted to palm oil plantations.

The potential unfavourable redistributive affect of the regulation is one other instance of the unintended penalties of the EU’s values-based financial coverage, which seeks to leverage the bloc’s big financial weight to incentivize progressive change in overseas international locations. The proposed EU regulation, and its coverage towards palm oil extra usually, have already soured Brussels’ relations with Indonesia and Malaysia, proper at a time when the EU is searching for to bolster its “strategic engagement” with the Affiliation of Southeast Asian Nations (ASEAN).

See also  China’s Economy Slowed Last Quarter as Weak Consumer Demand Dragged on Growth
Commercial

The 2 nations had been so involved in regards to the new EU rule that they joined forces to foyer in opposition to it. Following its passage, a senior Malaysian commerce official recommended that his nation may stop palm oil exports to the EU completely. The EU’s financial weight undeniably provides it appreciable energy on the worldwide stage – however that weight is evidently a blunt instrument for bringing about change.

Source link

hurt Oil Palm Producers Regulation Small Watchdog
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ending China’s De Minimis Exception Brings 3 Benefits for Americans

April 17, 2025

The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

April 17, 2025

Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

April 17, 2025

How China’s Companies Are Responding to the US Trade War

April 16, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

How To Choose The Your Next Travel Destination: Top Things To Consider

April 10, 2023

Director Promises Upcoming ‘Star Wars’ Movie Will ‘P*ss People Off’

November 18, 2023

Ye, aka Kanye West, Told Jewish Adidas Exec to Kiss a Photo of Adolf Hitler

October 28, 2023

Comer Forces FBI to Cooperate on Biden Bribery Document, Cancels Vote to Hold Wray in Contempt | The Gateway Pundit

June 8, 2023
Don't Miss

How Smart Mattresses Improve Sleep Quality For Couples

Lifestyle May 9, 2025

Sharing a bed with your partner can be romantic… until it’s not. One of you…

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,111)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,628)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

How To Take Care Of Your Mental Health As You Physically Recover From A Serious Injury 

January 26, 2024

Texas AG Wanted His Office to Probe Feds Investigating Him, Witness Testifies

September 13, 2023

Who won Jeopardy! tonight? Friday, May 19, 2023

May 20, 2023
Popular Posts

How Smart Mattresses Improve Sleep Quality For Couples

May 9, 2025

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.