JAKARTA -- Major palm oil producers in Asia are hoping European governments will not go ahead with proposals that could undermine their businesses and damage the Indonesian and Malaysian economies.
Proponents say palm oil requires less land to grow than other vegetable oil crops. "Palm oil is the most productive oil that exists today," said Colin Lee on Tuesday. He is the director of corporate affairs at Cargill Tropical Palm, which has around 80,000 hectares of oil palm plantation in the region.
