Malaysia sends letter to France over declassification of palm oil as biodiesel feedstock
PUTRAJAYA (Bernama): Malaysia has handed over a letter to France explaining its position on the French National Assembly's decision to declassify palm oil as biodiesel feedstock in the country.
Foreign Minister Datuk Saifuddin Abdullah said the letter from Prime Minister Tun Dr Mahathir Mohamad to French President Emmanuel Macron was handed over to the French Ambassador in Kuala Lumpur on Monday (Jan 14).
On Dec 19, 2018, the French National Assembly adopted an amendment to its 2019 Budget to exclude the use of palm oil as biodiesel feedstock and to end tax incentives for palm oil as of 2020.
Saifuddin said this was seen as a de facto ban as it would make palm oil highly uneconomical and the move would indirectly favour Europe's home-grown products specifically rapeseed and sunflower oils.
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