DA eyes safeguard tariffs on palm oilBy EIREENE JAIREE GOMEZhome/Business/Top Business/DA eyes safeguard tariffs on palm oilTHE Department of Agriculture (DA) is looking at imposing safeguard duties on refined palm oil following a sharp increase in imports from Malaysia and Indonesia. told reporters on Thursday that tariffs were being considered in the wake of findings that palm oil shipments from the two neighboring countries had risen to over 300 million kilos last year. “From only 20 million kilos in 2016, Malaysian palm oil arriving in the country reached about 200 million kilos. Indonesia and Malaysia currently export palm oil to the Philippines at zero percent tariff. Indonesia is the world’s largest producer and exporter of crude palm oil, followed by Malaysia.

Source: Manila Times November 22, 2018 16:18 UTC