Still fresh from the aftermath of Indonesia’s lower palm oil export duty regime, local refiners are now faced with a new challenge China’s Inspection and Quarantine Bureau’s (CIQ) tighter requirements on imported edible oils, including refined palm oil, to be of “landed quality” rather than the preceding “shipped quality at origin” introduced early this month.
If local refined bleached deodorised (RBD) palm olein exports were restricted or constricted into China, the world’s second-largest palm oil importer, then what are the options for Malaysia to redirect its 300,000 tonnes of palm oil imported into China monthly?
It is understood that palm oil that does not meet specifications would be turned away and no longer be allowed to be re-refined in China. The CIQ regulation also holds the refiners and exporters responsible for the deterioration of the edible oils without additional charges.
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