# Malaysia's palm oil demand to sustain despite Indonesia's export levy waive - Zuraida

> Malaysia's Plantation Industries Minister Zuraida Kamaruddin said global demand for Malaysian palm oil will keep rising despite Indonesia's levy waiver. She said Malaysia's palm oil prices would stay higher than Indonesia's because of its production costs.

- Date: 2022-07-24 · published 2022-07-24T12:00:00.000Z
- Category: trade · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/15808-malaysia-s-palm-oil-demand-to-sustain-despite-indonesia-s-export-levy-waive
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Ministerial comments on demand outlook carry limited price impact on their own, but the expectation of steady demand supports palm oil prices. Competition from the Indonesian levy waiver remains a pressure on Malaysian export share.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-09-23 | [Zuraida: Extension of Indonesia’s export levy waiver won’t impact demand for Malaysia’s crude palm oil \| Malay Mail](https://feedsoft.ai/events/15792-zuraida-extension-of-indonesia-s-export-levy-waiver-won-t-impact-demand-for.md) | -3.0% | -1.2% |
| 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 | 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 | 2021-06-23 | [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% |
| 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

- nst.com.my: https://www.nst.com.my/news/nation/2022/07/816047/malaysias-palm-oil-demand-sustain-despite-indonesias-export-levy-waive

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