Malaysia seeks to export 1 million tons of CPO in three months by dropping export taxes

January 11, 2018 |

In Malaysia, the government dropped export taxes on crude palm oil as of January 8 for a period of three months in an effort to reduce the 2.6 million metric tons of palm oil stocks that are currently weighing on the market. The target is to reduce the stocks by 1 million tons but analysts say the government’s plan is too ambitious, doubting the likelihood of exporting such volumes in such a short period of time. Palm oil production is expected to increase by half a million tons to 20 million tons this year.

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Category: Policy

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