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

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.