Proposed tax cut not likely to boost Malaysia’s palm oil exports by much: analysts

Malaysia - the world’s second-largest palm oil producer behind Indonesia - has announced plans to increase its exports, and it is also mooting a proposal to temporarily cut its export tax on the commodity in a bid to boost its global market share.

Observers say, however, that these moves will not have a significant impact on the country’s palm oil industry if the government does not take steps to resolve the sector’s labour shortages.

Malaysia is widely seen as a major ben…

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