International Agriculture News

Malaysia planning to support the palm oil market

Malaysia is going to revise the structure of its customs duty on palm oil exports to be charged next year. These measures are taken in order to make the product more competitive, strengthen foreign demand for it, and reduce surplus inventories, reports UkrAgroConsult.

In addition, Malaysia intends to reduce high palm oil stocks by expanding the biodiesel share in fuel to 10% in the transport sector and 7% in the industrial sector.

Detailed analysis of the latest trends in oilseeds/vegoils/meals exports, palm oil imports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting/harvesting in the countries of Black Sea Region is available to subscribers for weekly market report “Black Sea Vegoils” by UkrAgroConsult.

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