Malaysia to Limit Palm Oil Imports from Indonesia
October 14, 2015http://biofuels-news.com/display_news/9733/malaysia_to_limit_indonesia_palm_oil_imports/
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Malaysia is planning to limit Indonesian palm oil imports to control rising domestic inventory.
Malaysia's Plantation Industries and Commodities Minister Datuk Amar Douglas Uggah Embas says Malaysia intends to control the import of palm oil from Indonesia instead of banning it.
‘If we don't do anything now, it is expected that palm oil inventory would exceed 3 million tons by November. And I would not use the word "ban", we are just minimizing the import volume,' Uggah says.
The Malaysian government hopes to reduce the country's palm oil inventory to below two million tones as the inventory for August 2015 was higher at 2.49 million tonnes. Besides import control, the B10 biodiesel program would also increase palm oil consumption. However, the target dates for the program have not been released.
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