# Wee: Govt will monitor developments in palm oil industry

> Malaysia's Deputy Plantation Industries Minister Wee Jeck Seng said the government will monitor the palm oil industry after Indonesia scrapped its export levy until Aug. 31. He said the move affects Malaysian palm oil exports, which the government will examine closely.

- Date: 2022-07-19 · published 2022-07-19T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/15810-wee-govt-will-monitor-developments-in-palm-oil-industry
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Monitoring statements signal possible future policy response from Malaysia but no immediate supply change. Price effects remain tied to Indonesia's levy decision.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-07-16 | [Palm Oil Monitor recaps key industry certification webinar - Confectionery Production](https://feedsoft.ai/events/46092-palm-oil-monitor-recaps-key-industry-certification-webinar-confectionery.md) | -0.1% | +7.5% |
| PALMOIL | 2018-05-14 | [Palm Oil Monitor – Weekly Update 14th May - Palm Oil Monitor](https://feedsoft.ai/events/65118-palm-oil-monitor-weekly-update-14th-may-palm-oil-monitor.md) | +1.4% | -1.1% |
| PALMOIL | 2016-12-06 | [Palm Oil Industry Indonesia: New Industrial Estate in Berau \| Indonesia Investments](https://feedsoft.ai/events/73365-palm-oil-industry-indonesia-new-industrial-estate-in-berau-indonesia-investments.md) | -1.0% | -0.6% |
| PALMOIL | 2019-08-22 | [Palm Oil Monitor Weekly Update – 22nd August 2019 - Palm Oil Monitor](https://feedsoft.ai/events/57468-palm-oil-monitor-weekly-update-22nd-august-2019-palm-oil-monitor.md) | +0.5% | +2.4% |
| PALMOIL | 2018-05-04 | [Palm Oil Monitor - Weekly Update 4th May 2018 - Palm Oil Monitor](https://feedsoft.ai/events/65042-palm-oil-monitor-weekly-update-4th-may-2018-palm-oil-monitor.md) | +1.6% | +3.4% |

## Sources

- thesun.my: https://thesun.my/business/wee-govt-will-monitor-developments-in-palm-oil-industry-ha9471832/

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