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Malaysia aims to 'harmonise' palm oil export duty plan with Indonesia

Published Fri, Sep 2, 2016 · 09:50 PM

Kuala Lumpur

MALAYSIA aims to "harmonise" its palm oil export duty plan with the more competitive Indonesian levies in a bid to win global market share, a Malaysian minister said in the first ever official remarks on what the country's palm sector has long been seeking.

Malaysia has always trailed Indonesia as the world's No 2 producer and exporter of palm oil mainly because of lower land and labour costs in its larger South-east Asian neighbour.

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Malaysia aims to 'harmonise' palm oil export duty plan with Indonesia

Energy & Commodities

Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early

Anglo rejects BHP takeover bid as significantly undervalued

India rice prices at three-month low on shrinking demand

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Pricey coffee is here to stay as hoarding, heat hit Vietnam supply

Oil settles higher as weak US economic growth offset by supply concerns

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