Stakeholders gain insight on implications of EUDR

MIRI: Sarawak Oil Palms Group (SOP) has hosted a critical industry dialogue aimed at raising awareness among key stakeholders within the palm oil industry in Sarawak about the implications of the European Union Deforestation Regulation (EUDR).

The event held at Imperial Hotel, here last Friday brought together suppliers, industry partners, and notable stakeholders such as Malaysian Palm Oil Board (MPOB), Boustead, Ta Ann Group, Tradewind, Woodman, Felcra, Salcra and many others.

The EUDR, which was introduced to prevent deforestation and promote sustainable practices in commodity supply chains, presents both challenges and opportunities for the palm oil sector.

Recognising the importance of preparing industry players for these changes, SOP organised the dialogue to help stakeholders gain a deeper understanding of new standards and their implications on maintaining access to the European market.

“One of the key highlights of the event was a presentation on EUDR geolocation requirements by Dr Josil Murray of the European Forest Institute,” according to a statement issued by SOP,

Geolocation refers to the precise geographic coordinates identifying the exact location where commodities are produced.

The discussion centred around the regulation’s impact on the palm oil sector and explored sustainable practices that align with the new regulatory demands.

Participants exchanged insights on how to meet these requirements, emphasising the importance of collaboration to ensure compliance and continued growth in international markets.

The event featured presentations on the evolving regulatory landscape and shared best practices for navigating these changes.

Attendees actively engaged in discussions, raising questions and seeking practical solutions to common challenges.

SOP remains committed to fostering a sustainable and transparent palm oil industry while helping stakeholders navigate new regulations, recognising that collective action and shared knowledge are vital in meeting evolving market demands.

The complexities of the EUDR are among the latest challenges the industry faces on its journey toward a more sustainable future.