Malaysian growers benefit from Indonesia’s new export ruling

Indonesia’s new export ruling that came into effect on Jan 27, 2022, has widened the domestic CPO price gap between Malaysia and Indonesia by RM246 per tonne to RM1,378 per tonne on Feb 3, from RM1,132 per tonne on Jan 27, it said in a research note yesterday.

KUALA LUMPUR: Malaysian oil palm growers are benefitting from Indonesia’s new export policy through higher crude palm oil (CPO) prices, says Maybank Investment Bank (Maybank IB).

Indonesia’s new export ruling that came into effect on Jan 27, 2022, has widened the domestic CPO price gap between Malaysia and Indonesia by RM246 per tonne to RM1,378 per tonne on Feb 3, from RM1,132 per tonne on Jan 27, it said in a research note yesterday.