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Jakarta Post

Malaysia set to outpace Indonesian palm oil exports to India

  • Tama Salim

    The Jakarta Post

PREMIUM
New Delhi   /   Wed, August 21, 2019   /  11:37 am
The Jakarta Post Image
Harvest time: A worker gathers oil palm fruit bunches at a plantation in Lampung. Indonesia and Malaysia, the first- and second-largest palm oil producers, have threatened to challenge the European Union via the World Trade Organization if the EU continues to phase out palm oil from transportation fuel.(The Jakarta Post/R. Berto Wedhatama)

Malaysia is set to outpace Indonesia in palm oil exports to India unless Jakarta can strike a deal that would help it stay competitive with Kuala Lumpur in the world's largest edible oils market. Malaysia exported 2.14 million tons of palm oil to India in the first half of the year, according to data from the Indian department of commerce. It surpassed all of last year's exports of 2.08 million tons to India on the back of favorable import duties, experts have said. In comparison, Indonesia's total palm oil exports to India from January-June stood at 2.13 million tons, just over a third of its entire 2018 export shipment of 5.92 million tons. The Indonesian government is currently looking at other export destinations for palm oil amid tensions with the European Union over biodiesel - a crude palm oil (CPO) derivative - with Brussels...