You are here

Palm oil buyers said to delay purchases to get duty-free cargoes from Malaysia

BT_20150417_VIPALM17_1621970.jpg
Malaysia will remove its tax on exports of the crude grade for May, a government order showed.

Kuala Lumpur

MALAYSIA'S move to scrap its crude palm oil (CPO) export tax in May will likely prompt India and China, the biggest buyers of the edible oil, to delay purchases to next month to get cheaper cargoes, industry sources said on Thursday.

Malaysia's reduction of the export...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes