5 months Exporters seek solution to palm oil dumping MB |Biz
By Madelaine B. Miraflor As the Department of Agriculture (DA) threatens to ban palm oil imports coming from Malaysia and Indonesia, representatives of the two Southeast Asian countries reached out to the Philippines to address the issue of dumping and smuggling of the commodity here. Agriculture Secretary Emmanuel Piñol Agriculture Secretary Emmanuel Piñol said Indonesia and Malaysia agreed to form a Tripartite Technical Working Group (TWG) to settle the palm oil dumping issue, which is causing local copra prices to go down. The entry of cheaper, imported palm oil, used in manufacturing cooking oil, has dampened the demand for locally ... more