Palm oil imports from Indonesia, Malaysia keep rising
The Department of Agriculture (DA) has renewed its earlier recommendation for a “temporary ban” on palm oil imports as Filipino coconut and oil palm farmers complain of extremely low prices due to the dumping of the commodity by Malaysia and Indonesia.
Agriculture Secretary Emmanuel Piñol said that palm oil imports from Indonesia and Malaysia have increased by 900 percent over the last three years.
The DA’s recommendation came immediately after European Union has started the ban on palm oil imports from Malaysia and Indonesia over environmental issues.
This development, according to Piñol, is expected to result in the dumping of palm oil into countries like the Philippines.
Under the rules of the World Trade Organization, member countries could initiate measures to safeguard its farmers affected by the dumping of excess commodities from other countries.
The ban is temporary and is effective only for a specified period.
Pending action on these recommendations, Piñol said the DA, through the Agricultural Credit Policy Council (ACPC), has offered loans for livelihood projects for coconut farmers who are suffering from low prices of copra.
The DA has also offered loans for the acquisition of hauling trucks and working capital for farmers groups so they could buy the product of their members and deliver these directly to the coconut oil mills.