EU palm oil ban sows bitter seeds for Southeast Asian farmers

The European Parliament is moving to ban the use of palm oil in biofuels, while British grocer Iceland has announced it will stop using the commodity over concerns that it causes widespread environmental destruction. Losing the key EU market worries millions of small farmers in Indonesia and Malaysia — the world’s top two producers — as prices drop for the widely-consumed oil found in everything from biscuits and sweets to cosmetics and vehicle gas tanks.