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Commodities

Indonesia and Malaysia fire back at the EU over palm oil

World's two main producers angered by 'discriminatory' import restrictions

A worker collects freshly harvested palm fruits in Sepang, Malaysia.

JAKARTA/KUALA LUMPUR Indonesia and Malaysia are considering joint action to counter possible European Union restrictions on the import of palm oil.

The two countries, which account for 82% of global palm oil output, raised the issue of import restrictions with EU President Donald Tusk on Nov. 14 in Manila, where a series of international summits involving the Association of Southeast Asian Nations was taking place.

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