Malaysia may cut crude palm oil export taxes to fight off declining prices

October 8, 2012 |

In Malaysia, the government is considering changes to its crude palm oil export tax regime. Changes could possibly include a limitation on plantation expansion due to falling prices. The government could cut crude palm oil export taxes from 23 percent to 8 or 10 percent, in a move to work more closely with Indonesia, who lowered its taxes last year. Both countries have agreed to work together to manage supplies in order to prevent future price declines as well as address environmental issues.

Category: Fuels

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