On-the-Ground Updates

Malaysia expects to increase sale of crude palm oil in Nigeria

RBD Palm Oil
Regulation & Compliances
Market & Price Trends
Innovation & Technology
Anthonia Egbe
Published Jul 6, 2020
With low level of stocks in Nigeria, the largest consumer of oil and fat in sub-Saharan Africa, It is expected to lead to an increase in its imports of crude palm oil (CPO) in the next few months, according to a study on the Nigerian market just published by the Malaysian Palm Oil Council (COPD).
Malaysia, the world's second largest producer of CPO, intends to take advantage of it, the decision to exempt 100% of export duties on the CPO from July 1 to December 31, 2020 gives Malaysian exporters an advantage over

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