# Not Indonesia: Indomie Factory in Nigeria Favors Cheaper Malaysian Palm Oil

> Gapki chairman Eddy Martono said a Nigerian factory operated by Indomie buys Malaysian palm oil because it is cheaper than Indonesian supply. He attributed Indonesia's higher cost to export levies, export duties and a domestic market obligation of about $20 per ton. Businesses pay about $138 per ton in total before export.

- Date: 2024-08-28 · published 2024-08-28T12:00:00.000Z
- Category: trade · region Nigeria · magnitude low
- Page: https://feedsoft.ai/events/15628-not-indonesia-indomie-factory-in-nigeria-favors-cheaper-malaysian-palm-oil
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher Indonesian export costs are steering some African buyers toward Malaysian palm oil, which can shift export demand between the two suppliers. Pressure on Indonesian exports could widen the price gap with Malaysia.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-05-31 | [Palm oil exports from Indonesia and Malaysia fell](https://feedsoft.ai/events/65117-palm-oil-exports-from-indonesia-and-malaysia-fell.md) | -1.1% | -4.5% |
| PALMOIL | 2021-11-13 | [Palm Oil News - Malaysia Runs Cheaper CPO Export Tariff](https://feedsoft.ai/events/15866-palm-oil-news-malaysia-runs-cheaper-cpo-export-tariff.md) | +2.4% | -4.6% |
| PALMOIL | 2018-02-09 | [Malaysia, Importers Move Against Nigeria’s Palm Oil Market \| Investors King](https://feedsoft.ai/events/66373-malaysia-importers-move-against-nigeria-s-palm-oil-market-investors-king.md) | +0.8% | -3.5% |
| PALMOIL | 2023-01-09 | [Indonesia and Malaysia agree to fight "discrimination" against palm oil \| Reuters](https://feedsoft.ai/events/15767-indonesia-and-malaysia-agree-to-fight-discrimination-against-palm-oil-reuters.md) | -2.4% | -2.5% |
| PALMOIL | 2019-08-20 | [Malaysia set to outpace Indonesian palm oil exports to India - Business - The Jakarta Post](https://feedsoft.ai/events/57466-malaysia-set-to-outpace-indonesian-palm-oil-exports-to-india-business-the.md) | +1.6% | +4.4% |

## Sources

- jakartaglobe.id: https://jakartaglobe.id/business/not-indonesia-indomie-factory-in-nigeria-favors-cheaper-malaysian-palm-oil

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.