KUALA LUMPUR: Indonesia’s latest policy that makes it mandatory for palm oil producers to sell 20% of their output to domestic refiners at fixed prices is unfavourable for Malaysian upstream players with significant exposure in the republic.
According to PublicInvest Research, the new policy which took effect yesterday would be negative for Malaysian planters there as “they are required to sell a portion of their crude palm oil (CPO) products at a steep discount”.
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