{"id":4154,"date":"2020-01-25T23:03:10","date_gmt":"2020-01-25T23:03:10","guid":{"rendered":"https:\/\/www.malaymail.com\/news\/malaysia\/2020\/01\/26\/eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say\/1831490"},"modified":"2020-01-25T23:03:10","modified_gmt":"2020-01-25T23:03:10","slug":"eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say","status":"publish","type":"post","link":"https:\/\/merdeka.org\/v2\/eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say\/","title":{"rendered":"EU banning palm oil? There are other markets, local palm oil producers say"},"content":{"rendered":"

\n
\"Malaysia
Malaysia Palm Oil Association (MPOA) chief executive Datuk Nageeb Wahab says the concerns of EU not buying palm oil from Malaysia has all been addressed by the increased of local consumption. \u2015 Picture by Yusof Mat Isa<\/figcaption><\/figure>\n

KUALA LUMPUR, Jan 26 \u2015 The Malaysian Palm Oil Association (MPOA) has dismissed any heavy impact of the European Union\u2019s (EU) ban on local producers, saying there are still other markets available.<\/p>\n

Speaking to Malay Mail<\/em>, MPOA chief executive Datuk Nageeb Wahab said MPOA and its members are instead feeling upbeat over the increased demand for palm oil in the domestic market for both Malaysia and Indonesia.<\/p>\n

\u201cThe concerns of EU not buying palm oil from Malaysia has all been addressed by the increased of local consumption. We are not unduly worried it as this is a zero-sum game,\u201d he told Malay Mail<\/em>.<\/p>\n

\u201cTo put it simply, if they do not want to buy from us, we can supply other markets with our palm oil. Perhaps they will use other vegetable oils as an alternative however they still need our palm oil to supplement other products.<\/p>\n

\u201cMoreover, there is always growth in palm oil utilisation in food products which is always in demand as it relates to the needs of a growing population,\u201d he added.<\/p>\n

Nageeb said that both countries are engaging in comprehensive national policies, respectively to increased palm oil utilisation in biofuels.<\/p>\n

He also expects to see a growth in demand for palm oil to be utilised in food products, among other goods.<\/p>\n

In terms of national policies, Nageeb was referring to Indonesia\u2019s B30 mandate where it launched last year, a biodiesel mix which contains 30 per cent of palm-based fuel and Malaysia\u2019s intention of releasing its own mix of B20 biodiesel fuel, reported to be released by this year.<\/p>\n

Indonesia\u2019s B30 mandates had led to crude palm oil (CPO) stock levels to plummet where some 10 million tonnes were utilised in their domestic markets and led to CPO prices skyrocketing to over RM3,000 per metric tonne in early January 2020, said Nageeb.<\/p>\n

He contrasted this to a year ago, when Malaysia was seeing record levels of CPO inventory in the past two years due to weak demand for palm oil.<\/p>\n

According to the statistics by the Malaysian Palm Oil Board (MPOB), CPO prices were at RM2,037 per metric tonne in January 2019 while CPO stock was at 3 million metric tonnes compared to 2 million metric tonnes in December of 2019.<\/p>\n

\u201cNow with Indonesia diverting its supply to meet demand domestically due to the B30 mandate, it has less palm oil to export which also helps Malaysia as it tends to the void in the market,\u201d said Nageeb, stating that credit should and must be given to Indonesia for executing a progressive palm oil policy.<\/p>\n

Malaysia produces some 19 million tonne metric of CPO on average annually, while Indonesia produces twice as many, he pointed out.<\/p>\n

\u201cFor Indonesia, even if they increased 10 per cent of CPO consumption, that\u2019s some four million metric tonnes while Malaysia can only equate to 500,000 metric tonnes. In this case, even if certain economies said they won\u2019t buy from us, that is alright as we can use it ourselves,\u201d he said.<\/p>\n

Nageeb is also optimistic that the high price of CPO would maintain for the year as Malaysian Palm oil producers are expecting a shortfall in production this year.<\/p>\n

\u201cIt’s quite hard to see Malaysia break the 20 million tonnes annual production and it is unlikely it would surpass that for this year as well.<\/p>\n

\u201cThis is due to the dry spell that the country is facing and the lower use of fertiliser on plantations that led to lower yield. We are expecting a shortfall in production this year or at best, stagnation of production levels.<\/p>\n

\u201cWith all these factors, I’m optimistic that the prices of the crude palm oil would remain stable for the year and perhaps into next year,\u201d he said.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

KUALA LUMPUR, Jan 26 \u2015 The Malaysian Palm Oil Association (MPOA) has dismissed any heavy impact…<\/p>\n","protected":false},"author":1,"featured_media":4155,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-4154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-external-news"],"yoast_head":"\nEU banning palm oil? There are other markets, local palm oil producers say - Merdeka Center<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EU banning palm oil? There are other markets, local palm oil producers say - Merdeka Center\" \/>\n<meta property=\"og:description\" content=\"KUALA LUMPUR, Jan 26 \u2015 The Malaysian Palm Oil Association (MPOA) has dismissed any heavy impact...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/merdeka.org\/v2\/eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say\/\" \/>\n<meta property=\"og:site_name\" content=\"Merdeka Center\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/malaysiaopinionresearch\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-25T23:03:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/merdeka.org\/v2\/wp-content\/uploads\/2020\/01\/eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/merdeka.org\/v2\/eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/merdeka.org\/v2\/eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/merdeka.org\/v2\/#\/schema\/person\/67bf59a3221291901983670f8aa67230\"},\"headline\":\"EU banning palm oil? There are other markets, local palm oil producers say\",\"datePublished\":\"2020-01-25T23:03:10+00:00\",\"dateModified\":\"2020-01-25T23:03:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/merdeka.org\/v2\/eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say\/\"},\"wordCount\":666,\"publisher\":{\"@id\":\"https:\/\/merdeka.org\/v2\/#organization\"},\"articleSection\":[\"External News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/merdeka.org\/v2\/eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say\/\",\"url\":\"https:\/\/merdeka.org\/v2\/eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say\/\",\"name\":\"EU banning palm oil? There are other markets, local palm oil producers say - Merdeka Center\",\"isPartOf\":{\"@id\":\"https:\/\/merdeka.org\/v2\/#website\"},\"datePublished\":\"2020-01-25T23:03:10+00:00\",\"dateModified\":\"2020-01-25T23:03:10+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/merdeka.org\/v2\/eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/merdeka.org\/v2\/eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/merdeka.org\/v2\/eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/merdeka.org\/v2\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EU banning palm oil? There are other markets, local palm oil producers say\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/merdeka.org\/v2\/#website\",\"url\":\"https:\/\/merdeka.org\/v2\/\",\"name\":\"Merdeka Center\",\"description\":\"Opinion Research Centre\",\"publisher\":{\"@id\":\"https:\/\/merdeka.org\/v2\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/merdeka.org\/v2\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/merdeka.org\/v2\/#organization\",\"name\":\"Merdeka Center\",\"url\":\"https:\/\/merdeka.org\/v2\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/merdeka.org\/v2\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/merdeka.org\/v2\/wp-content\/uploads\/2020\/12\/cropped-logo_joomla.gif\",\"contentUrl\":\"https:\/\/merdeka.org\/v2\/wp-content\/uploads\/2020\/12\/cropped-logo_joomla.gif\",\"width\":265,\"height\":81,\"caption\":\"Merdeka Center\"},\"image\":{\"@id\":\"https:\/\/merdeka.org\/v2\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/malaysiaopinionresearch\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/merdeka.org\/v2\/#\/schema\/person\/67bf59a3221291901983670f8aa67230\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/merdeka.org\/v2\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/merdeka.org\/v2\/wp-content\/litespeed\/avatar\/29fa186790ee57e006f4b74780022bbe.jpg?ver=1781588885\",\"contentUrl\":\"https:\/\/merdeka.org\/v2\/wp-content\/litespeed\/avatar\/29fa186790ee57e006f4b74780022bbe.jpg?ver=1781588885\",\"caption\":\"admin\"},\"url\":\"https:\/\/merdeka.org\/v2\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EU banning palm oil? There are other markets, local palm oil producers say - Merdeka Center","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"EU banning palm oil? There are other markets, local palm oil producers say - Merdeka Center","og_description":"KUALA LUMPUR, Jan 26 \u2015 The Malaysian Palm Oil Association (MPOA) has dismissed any heavy impact...","og_url":"https:\/\/merdeka.org\/v2\/eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say\/","og_site_name":"Merdeka Center","article_publisher":"https:\/\/www.facebook.com\/malaysiaopinionresearch","article_published_time":"2020-01-25T23:03:10+00:00","og_image":[{"width":1000,"height":667,"url":"https:\/\/merdeka.org\/v2\/wp-content\/uploads\/2020\/01\/eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/merdeka.org\/v2\/eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say\/#article","isPartOf":{"@id":"https:\/\/merdeka.org\/v2\/eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say\/"},"author":{"name":"admin","@id":"https:\/\/merdeka.org\/v2\/#\/schema\/person\/67bf59a3221291901983670f8aa67230"},"headline":"EU banning palm oil? There are other markets, local palm oil producers say","datePublished":"2020-01-25T23:03:10+00:00","dateModified":"2020-01-25T23:03:10+00:00","mainEntityOfPage":{"@id":"https:\/\/merdeka.org\/v2\/eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say\/"},"wordCount":666,"publisher":{"@id":"https:\/\/merdeka.org\/v2\/#organization"},"articleSection":["External News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/merdeka.org\/v2\/eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say\/","url":"https:\/\/merdeka.org\/v2\/eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say\/","name":"EU banning palm oil? There are other markets, local palm oil producers say - Merdeka Center","isPartOf":{"@id":"https:\/\/merdeka.org\/v2\/#website"},"datePublished":"2020-01-25T23:03:10+00:00","dateModified":"2020-01-25T23:03:10+00:00","breadcrumb":{"@id":"https:\/\/merdeka.org\/v2\/eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/merdeka.org\/v2\/eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/merdeka.org\/v2\/eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/merdeka.org\/v2\/"},{"@type":"ListItem","position":2,"name":"EU banning palm oil? There are other markets, local palm oil producers say"}]},{"@type":"WebSite","@id":"https:\/\/merdeka.org\/v2\/#website","url":"https:\/\/merdeka.org\/v2\/","name":"Merdeka Center","description":"Opinion Research Centre","publisher":{"@id":"https:\/\/merdeka.org\/v2\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/merdeka.org\/v2\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/merdeka.org\/v2\/#organization","name":"Merdeka Center","url":"https:\/\/merdeka.org\/v2\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/merdeka.org\/v2\/#\/schema\/logo\/image\/","url":"https:\/\/merdeka.org\/v2\/wp-content\/uploads\/2020\/12\/cropped-logo_joomla.gif","contentUrl":"https:\/\/merdeka.org\/v2\/wp-content\/uploads\/2020\/12\/cropped-logo_joomla.gif","width":265,"height":81,"caption":"Merdeka Center"},"image":{"@id":"https:\/\/merdeka.org\/v2\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/malaysiaopinionresearch"]},{"@type":"Person","@id":"https:\/\/merdeka.org\/v2\/#\/schema\/person\/67bf59a3221291901983670f8aa67230","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/merdeka.org\/v2\/#\/schema\/person\/image\/","url":"https:\/\/merdeka.org\/v2\/wp-content\/litespeed\/avatar\/29fa186790ee57e006f4b74780022bbe.jpg?ver=1781588885","contentUrl":"https:\/\/merdeka.org\/v2\/wp-content\/litespeed\/avatar\/29fa186790ee57e006f4b74780022bbe.jpg?ver=1781588885","caption":"admin"},"url":"https:\/\/merdeka.org\/v2\/author\/admin\/"}]}},"jetpack_featured_media_url":"https:\/\/merdeka.org\/v2\/wp-content\/uploads\/2020\/01\/eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say.jpg","_links":{"self":[{"href":"https:\/\/merdeka.org\/v2\/wp-json\/wp\/v2\/posts\/4154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/merdeka.org\/v2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/merdeka.org\/v2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/merdeka.org\/v2\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/merdeka.org\/v2\/wp-json\/wp\/v2\/comments?post=4154"}],"version-history":[{"count":0,"href":"https:\/\/merdeka.org\/v2\/wp-json\/wp\/v2\/posts\/4154\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/merdeka.org\/v2\/wp-json\/wp\/v2\/media\/4155"}],"wp:attachment":[{"href":"https:\/\/merdeka.org\/v2\/wp-json\/wp\/v2\/media?parent=4154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/merdeka.org\/v2\/wp-json\/wp\/v2\/categories?post=4154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/merdeka.org\/v2\/wp-json\/wp\/v2\/tags?post=4154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}