Malaysia, Indonesia Set Up Palm Oil Council

By Azeman Ariffin

JAKARTA, Oct 11 (Bernama) -- The plan to set up a Council of Palm Oil Producer Countries by Malaysia and Indonesia is an indication of the success of bilateral relations, said Prime Minister Datuk Seri Najib Tun Razak.

He said the council, which was proposed by both countries in 2006, has become a reality when a consensus was reached on the structure of the organisation which would operate from here.

The council would set new standards in the production of palm oil and cooperation on managing world stockpile, he said.....