Open figure viewer
Significance
Malaysia, long a major supplier of poultry to the city-state, banned chicken exports last month. Indonesia and Malaysia are the top two exporters of palm oil. Jakarta lifted a ban on exports of crude palm oil and some of its derivatives in May, and more recently decided to scrap its palm oil export levy until end-August.
Impacts
High prices for cooking oil and chicken will remain a concern in the region in the weeks ahead.
Malaysia will likely lift all restrictions on poultry exports once domestic prices for the commodity stabilise.
Both Malaysia and Indonesia will be under pressure to ensure sustainable palm oil production.
© Oxford Analytica 2022. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2022
You do not currently have access to this content.
