Malaysia palm export rises<\/p>\n
KUALA LUMPUR (Reuters): Malaysia will benefit from Indonesia's
\nmove to ban palm oil exports in the first quarter of 1998, with
\nexporters and refiners yesterday predicting an increase of up to
\n25 percent in Malaysian exports during that period.<\/p>\n
Indonesia last month banned the export of crude palm oil and
\nits products between January and March in a bid to boost domestic
\nproduction and reduce the price of cooking oil.<\/p>\n
The government said last week that the ban would be retained
\nand that palm oil exporters would have to pay an export tax not
\nexceeding 20 percent when the ban is lifted from April.<\/p>\n
\"Naturally, exports in Malaysia will jump. I would say that
\nexports could rise by up to 25 percent in the first quarter (from
\nthe same period in 1997),\" said an official at a Malaysian
\nrefinery.<\/p>\n
Cargo surveyor Societe Generale de Surveillance Malaysia Sdn
\nBhd estimated Malaysia's palm oil exports for January 1-20 at
\n547,882 tons against 446,707 tons in December 1-20.<\/p>\n
Malaysia exported 1.51 million tons of palm oil in the first
\nquarter last year. Exports for the whole of 1997 were estimated
\nat 7.39 million tons.<\/p>",
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