by Teuvo Tuomi | Mar 16, 2024 | Malaysia, Economy, Food & Drinks, Trade
Malaysia maintains its export tax for crude palm oil at 8% for April and raised its reference price, the Malaysian Palm Oil Board confirms. The export tax structure starts at 3% for crude palm oil in a 2,250 to 2,400 ringgit-per-ton range. The maximum tax rate is set...
by Teuvo Tuomi | Jun 11, 2023 | Indonesia, Business, Economy, Malaysia
Indonesian President Joko “Jokowi” Widodo has called for stronger collaboration with Malaysia to protect palm oil products threatened by a European Union trade law he termed “discrimination”. The European Parliament adopted the new legislation...
by VF | Jul 17, 2022 | ASEAN, Business, Economy, News, Southeast Asia
Indonesia has temporarily scrapped its export levy for all palm oil products until the end of August in an attempt to boost exports and ease high inventories, finance ministry officials say. The decision by the world’s biggest palm oil exporter could further depress...
