date:Oct 15, 2015
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Indonesia and Malaysia, which account for 85 percent of the worlds palm output, have since late August been discussing the plan to set up an intergovernmental organisation called Council of Palm Oil Producer Countries.
The move comes after major palm oil firms, including Cargill , Golden Agri-Resources and Wilmar International, signed the Indonesian Palm Oil Pledge (IPOP) following pressure to adopt better practices.
Indonesia, which is home to the worlds third-largest tropical fore