CPO tax exemption provides stable effect on prices

KUALA KANGSAR: The Government’s move to extend the export duty exemption for crude palm oil (CPO) has received positve reaction from industry players.

The Malaysian Palm Oil Board (MPOB) chairman Datuk Wan Mohammad Khair-il Anuar Wan Ahmad said the move provided a stable effect on the CPO market prices.

“Other big producers also followed our Government’s move and this would give a bigger impact. This trend would lead to the stability of the biodiesel industry,” he said after officiating at the “Semarak Minda Komuniti 1Malaysia” programme.