# Johor in talks with Cyprus on importing oil palm  | The Star

> Johor state government is in discussions with Cyprus about possibly importing palm oil from Johor, according to Mentri Besar Osman Sapian. Cyprus wants to become a palm oil hub within the Mediterranean region. The article also notes Indonesia's tiered export levy structure, with no levy below $570 per tonne and rising charges above that.

- Date: 2019-01-16 · published 2019-01-16T12:00:00.000Z
- Category: trade · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/60980-johor-in-talks-with-cyprus-on-importing-oil-palm-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A possible new export outlet is a minor demand signal for Malaysian palm oil, but it is a preliminary discussion with no volumes or timeline. The price impact is limited.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-12-21 | [SEA seeks level-playing field for palm oil exporter-importer  - The HinduBusinessLine](https://feedsoft.ai/events/49529-sea-seeks-level-playing-field-for-palm-oil-exporter-importer-the.md) | +0.6% | +2.7% |
| 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 | 2021-01-27 | [The sharp rise in prices of soybean oil will support prices for sunflower oil and sunflower](https://feedsoft.ai/events/49249-the-sharp-rise-in-prices-of-soybean-oil-will-support-prices-for-sunflower-oil.md) | -5.2% | +0.6% |
| PALMOIL | 2021-01-19 | [Malaysia files request for consultations with the European Union and Certain Member States on certain measures concerning palm oil and oil palm crop-based biofuels at the WTO on January 15](https://feedsoft.ai/events/49045-malaysia-files-request-for-consultations-with-the-european-union-and-certain.md) | -0.9% | -0.9% |
| PALMOIL | 2018-02-22 | [Activists: Palm oil must not get wider access to EU under Indonesia trade talks](https://feedsoft.ai/events/66518-activists-palm-oil-must-not-get-wider-access-to-eu-under-indonesia-trade-talks.md) | +0.4% | -2.3% |

## Sources

- thestar.com.my: https://www.thestar.com.my/news/nation/2019/01/17/johor-in-talks-with-cyprus-on-importing-oil-palm/

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