Italy to provide backing to Indonesia on its palm oil bid in EU
Category: #world  By Saipriya Iyer  Date: 2018-02-14
  • share
  • Twitter
  • Facebook
  • LinkedIn

Italy to provide backing to Indonesia on its palm oil bid in EU

The Italian Government is apparently extending support to Indonesia with regards to negotiations on palm oil in the European Union market. The European Parliament, back in Oct 2017, had passed a resolution to gradually halt all kinds of palm oil imports from the European Union biofuel program from 2021.  Reportedly, the move to ban palm oil from biofuels in EU market finds base on the claim that palm oil manufacturers are failing to achieve the UN recommended sustainable development goals with regards to production, consumption, and climatic action.

According to Antaranews, Italy’s backing on Indonesia’s palm oil bid across the EU countries appears to come on heels of the country’s extensive utilization of the oil in its food and cosmetics products. Italy pegs the title of the third largest import market for Indonesian palm oil market in Europe, cite sources.

Italy’s decision to back Indonesia’s move finds support in the fact that Ferrero Rocher, one of Italy’s renowned chocolate giant, uses Indonesia’s palm oil for their Nutela and chocolate production, primarily on the grounds of its longer shelf life than other vegetable oils. Apparently, palm oil does not get fermented easily, thereby its usage in the product ensures chocolate retentivity.

Reports state that a recent research conducted by the Italian Chocolatier has further depicted that palm oil is least hazard-prone to human health. Probably on grounds of these benefits, Ferrero Rocher has assured Indonesia to support its black campaign struggle on palm oil in EU market, by continuing the oil utilization on its confectionary production process.

The Italian government, with the help of several of its ministries, has been reported to be quite cooperative with Indonesia, be it in World Trade Organization or European parliament. The foreign minister of the country, Mr. Retno LP Marsudi, has already expressed a concern regarding the ban on the deployment of palm oil across the EU regions, cite sources.



About Author

Saipriya Iyer

Email: [email protected]   

Saipriya Iyer

Saipriya Iyer develops content for Market Size Forecasters, Algosonline, and myriad other platforms. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her bel...

Read More

More News By Saipriya Iyer

Regeneron begins late-stage trial of its coronavirus antibody cocktail
Regeneron begins late-stage trial of its coronavirus antibody cocktail
By Saipriya Iyer

Renowned American biopharmaceutical company, Regeneron Pharmaceuticals, has reportedly announced that it has started late-stage clinical trials of its proprietary antibody cocktail to assess its effectiveness in treati...

China completes 2 launches in 3-day span with Gaofen & Shiyan-6
China completes 2 launches in 3-day span with Gaofen & Shiyan-6
By Saipriya Iyer

China has recently launched its classified Shiyan-6 (02) satellite, following the launch of Gaofen, which is a ‘multimode’ Earth observation satellite, into orbit 2 days earlier. These two launches will mar...

Tetra Pak announces target to reach net-zero GHG emissions by 2030
Tetra Pak announces target to reach net-zero GHG emissions by 2030
By Saipriya Iyer

Tetra Pak, a food processing and packaging solutions provider, has recently announced its target to reach net-zero GHG (greenhouse gas) emissions in its operations by 2030.

The targ...