In Azerbaijan, News.az reported that Malaysia’s commodities ministry is pushing to exempt crude palm kernel oil and palm kernel olein oil from the country’s sales and services tax (SST). The SST was expanded in July to cover the palm oil and oleochemical sectors, currently imposing a 5% levy on these raw materials, according to the […]
In Indonesia, The Diplomat reported that The United States has agreed to exempt key Indonesian agro-industrial exports from the 19% tariff imposed by President Donald Trump earlier this month, according to a senior Indonesian minister. Coordinating Minister for Economic Affairs Airlangga Hartarto, who is leading Indonesia’s trade negotiations with the Trump administration, said that exemptions […]
In Malaysia, analysis of independent satellite data shows a decrease in the efficiency of palm oil plantations in Malaysia after they received sustainability labels. This could have negative repercussions for the environment. Sustainability certificates are inherently beneficial. The label on the packaging ensures that specific environmental and social standards are upheld during production. Many consumers […]
In Malaysia, Reuters reported that Malaysia has no plans to raise palm oil’s biodiesel blend to 20% from the current 10%, as the required infrastructure development would need funding that both the industry and the government are unwilling to provide. There are challenges to implement the biodiesel blend to 20% as it will require an […]
In Malaysia, the Star newspaper reports that CGS International estimates Indonesian palm oil production will increase by 3% this year, which in turn will weigh on prices enough to bring them down about 10%. The increased production should be seen in Q2 this year following on the effects of El Niño last year. However, it […]
In Indonesia, Reuters reported that the Indonesian government has yet to implement a higher mandatory blend of biodiesel planned for January 1 as industry participants await technical details of the new regulation, causing confusion among palm oil traders. The government had pledged to mandate a 40% mix of palm oil-based fuel in biodiesel from January […]
In Indonesia, Bernama news agency reports that crude palm oil prices have reversed a recent upward trend that put at risk the country’s plans to shift to B40 in January. With the prices so high, they would have reduced the country’s ability to export and therefore receive income from the export levy that is meant […]
In Indonesia, Indonesia Business Post reported that Indonesia’s plan to increase the palm oil blend in biodiesel to 40 percent (B40) starting January 1, 2025 appears to be implemented gradually after industry players voiced the need for a transition period despite the government’s readiness for the policy rollout. President Prabowo Subianto, in his speech at […]
In Indonesia, the Jakarta Post reports Indonesian Palm Oil Association (Gapki) is concerned the new 10% levy recently announced by the government that will be applied to crude palm oil exports, up from the current 7.5%, with force exports to plummet. The higher levy is meant to pay for the subsidies required to achieve the […]
In Germany, Japan’s Nikkei newspaper reports the German government is under pressure to end tainted Chinese biofuels imports that are threatening the local industry. A loose alliance of German biofuel manufacturers, environmentalists and lawmakers wants the government to set up an inspection and sanction system by Jan. 1 in order to stem the tide of […]
