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KL tax on palm oil shipments seen staying at zero next month

Thursday, December 11, 2014 - 05:50

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Palm oil prices jumped 15 per cent in September, rose 4 per cent in October, then fell last month as crude oil prices tumbled on the global surplus.

Kuala Lumpur

PALM oil exports from Malaysia, which waived a levy on shipments for the final four months of 2014, will probably remain duty-free in January as average prices stay below a threshold for a tax to be imposed.

The duty, which is based on a price-reference rate compiled

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