Markets and trade
 

Detail

Area
Malaysia
Commodity Group
Oilseeds, oils and meals
Commodity
Palm oil
Date
01/11/2019
Policy Category
Production
Policy Instrument
Production sustainability policies
Description
Announced that, from 1 January 2020, a levy would be collected from oil-palm growers for each tonne of palm oil produced. The proceeds would be used to support public reforestation and wildlife protection schemes and thus help raise the industry’s environmental credentials.
Notes
MALAYSIA – production sustainability, palm oil (production cess): From 1 January 2020, all oil palm growers will be required to pay MYR 1 (USD 0,25) per tonne of crude palm oil produced in support of the Government’s environmental agenda. Reportedly, proceeds will be used to fund public reforestation and wildlife protection schemes. The initiative is expected to help raise the industry’s environmental credentials.