Malaysia March crude palm oil export duty-free

Kuala Lumpur

MALAYSIA has kept tax on exports of crude palm oil at zero for March, a government circular showed on Monday, extending a duty-free policy held since October.

The move, which is likely to underpin prices, comes as a surprise as Malaysia's plantation industries and commodities minister said last week the country was planning to resume taxing exports from March. The rate was scrapped from October to December, and later extended to end-February.