Malaysia Palm Oil Export Tax May Stay at Zero for a Third Month
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Crude palm oil exports from Malaysia may be allowed at zero duty for a third month in March if prices remain below the threshold for the tax to be imposed, Plantation Industries & Commodities Minister Bernard Dompok said.
“We’re steering into a third month of duty-free exports of CPO” as the threshold of 2,250 ringgit ($725) a metric ton has not been reached, Dompok said in Putrajaya today, referring to crude palm oil by its initials. “If prices for the whole month don’t reach 2,250 ringgit, then it will be the same.”