The European Union (EU) has never imposed a ban on palm oil exports from Malaysia, a top EU diplomat clarified on Monday. In fact, local palm oil exports to the world’s largest trading bloc jumped by 55 per cent last year.
INDONESIA’S Trade Minister said on Friday (Jul 22) his ministry was considering removing a domestic sales requirement for palm oil exports since high inventories of the vegetable oil were preventing a recovery of palm oil fruit prices.
NUSA DUA, Indonesia, July 16 (Reuters) – Indonesia will go back to applying a progressive palm oil export levy system starting on Sept. 1 and use the revenue to stabilise domestic cooking oil prices and fund its biodiesel programme, Finance Minister Sri Mulyani Indrawati said on Saturday.
JAKARTA, July 15 (Reuters) – Indonesia plans to soon bring in new rules on its palm oil export levy and incentives to increase exports and empty storage tanks, a senior official said, the latest effort to accelerate shipments after a ban ended in May.
MALAYSIAN authorities on Tuesday called on palm oil millers to resume production and buy oil palm fruits from farmers, after a recent plunge in prices of the edible oil prompted some companies to halt processing.