Export tax freeze to support Malaysian palm oil industryOBGplus
Malaysia has introduced temporary measures aimed at boosting palm oil exports and reducing stockpiles amid a slump in commodity prices. On January 8 the government suspended export taxes on crude palm oil (CPO) for three months, a move Mah Siew Keong, the minister of plantation industries and commodities, described as a short-term, pre-emptive step to increase the product’s competitiveness in…