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Mahesh

24/07/22 07:14 AM IST

EU's options in palm oil row with Malaysia and Indonesia

In News 
  • European Union previously decided to phase out the import of unsustainable palm oil by 2030. Indonesia and Malaysia say the EU’s palm oil restrictions are unfair, “discriminatory”, and “crop apartheid” and challenged the EU in the WTO.
Details 
  • Indonesia and Malaysia, are the world’s two largest palm oil producers, accounting for 90% of the global production. However, most of it is produced on the plantation by clearing rainforests.
  • ReFuelEU initiative: EU lawmakers adopted draft rules for the ReFuelEU initiative, which would mean 85% of all used aviation fuel would have to be “sustainable” by 2050.

Palm Oil
  • It is an edible vegetable oil derived from the mesocarp (reddish pulp) of the fruit of the oil palms.
  • Uses: As a cooking oil, in cosmetics, processed foods, cakes, chocolates, soaps, spreads, shampoo, and biofuel ( the use of crude palm oil in making biodiesel is being branded as ‘green diesel’)
  • It is inexpensive and produces more oil per hectare as compared to other alternatives such as soybean.
  • India is the biggest importer of palm oil (almost 40% of its need)
  • Government initiatives: National Mission on Edible Oil-Oil Palm(to boost India’s domestic palm oil production by 3 times ( till 2025-26)); Kharif Strategy 2021 for oilseeds; yellow revolution.
Source- PIB 

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