Malaysia: Export duty on crude palm oil soon


The Government will not extend the zero duty on crude palm oil (CPO) exports and will start to impose the export duties next month due to the positive outlook of CPO prices this year, according Plantation Industries and Commodities minister Datuk Seri Amar Douglas Uggah Embas.

However, the export duty rate would only be finalised on Feb 16, he added.

Speaking reporters after opening the Reach and Remind Friends of the Industry Seminar 2015 organised by the Malaysian Palm Oil Council (MPOC) here yesterday he said that the CPO export duty was suspended from September last year until this month.

thestar.com.my»