# Zuraida: Extension of Indonesia’s export levy waiver won’t impact demand for Malaysia’s crude palm oil | Malay Mail

> Malaysia's Plantation Industries Minister Zuraida Kamaruddin said Indonesia's extension of its export levy waiver will not reduce demand for Malaysian crude palm oil. She said the global market remains short of palm oil.

- Date: 2022-09-23 · published 2022-09-23T12:00:00.000Z
- Category: trade · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/15792-zuraida-extension-of-indonesia-s-export-levy-waiver-won-t-impact-demand-for
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The minister's view that demand is firm limits the bearish impact of Indonesian export competition on Malaysian palm prices. The market impact depends on whether Malaysian exports actually slow.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-07-24 | [Malaysia's palm oil demand to sustain despite Indonesia's export levy waive - Zuraida](https://feedsoft.ai/events/15808-malaysia-s-palm-oil-demand-to-sustain-despite-indonesia-s-export-levy-waive.md) | +1.3% | +3.7% |
| 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 | 2024-12-17 | [Palm Oil Demand Steady Amid Indonesia’s B40 Mandate and Export Levy Adjustments – MPOC](https://feedsoft.ai/events/15600-palm-oil-demand-steady-amid-indonesia-s-b40-mandate-and-export-levy-adjustments.md) | -2.4% | -12.4% |
| PALMOIL | 2021-02-22 | [Crude Palm Oil Becomes Indonesia's Largest Export Product by Value](https://feedsoft.ai/events/48503-crude-palm-oil-becomes-indonesia-s-largest-export-product-by-value.md) | +1.2% | +7.4% |
| PALMOIL | 2021-06-23 | [Laman Web Rasmi KPK - SAWIT: Malaysia overtakes Indonesia as top palm oil exporter to India](https://feedsoft.ai/events/46460-laman-web-rasmi-kpk-sawit-malaysia-overtakes-indonesia-as-top-palm-oil-exporter.md) | +0.8% | +8.9% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2022/09/23/zuraida-extension-of-indonesias-export-levy-waiver-wont-impact-demand-for-malaysias-crude-palm-oil/29752

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