AreaMalaysia
Commodity GroupOilseeds, oils and meals
CommodityPalm oil, biodiesel
Date01/07/2017
Policy CategoryTrade
Policy InstrumentBilateral cooperation
DescriptionMalaysia conducted bilateral talks with the Philippines, agreeing to target a 50 percent increase in Malaysian shipments of palm oil and palm oil-based products (including biodiesel) to the Philippines over the next three years.
NotesMalaysia is targeting a 50 percent increase in its shipments of palm oil and palm oil-based products (including biodiesel) to the Philippines over the coming three years, government sources reported. According to bilateral talks, there is room for Philippines edible oil imports to increase, considering that the country is not self-sufficient in edible vegetable oil and that demand is steadily rising. Consultations also focused on possibilities of collaboration in the area of renewable energy, including biodiesel. In the Philippines, the planned increase in mandatory biodiesel blending (from 2 percent to 5 percent) has been postponed several times due to insufficient domestic supplies of coconut oil, the countrys main biodiesel feedstock. By contrast, Malaysia reportedly has ample capacity to export either palm oil-based biodiesel or crude palm oil to be used as biodiesel feedstock.
