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Duty on CPO exports to resume in March

KUALA LUMPUR (Feb 12): The government will resume its export duty regime for crude palm oil (CPO) next month, Plantation Industries and Commodities Minister Datuk Seri Amar Douglas Uggah Embas said today.

The export duty rate will be determined on Feb 16.

Malaysia had imposed a zero export duty on CPO from Sept 14, 2014 to end-February this year to boost CPO exports and reduce inventories, which were expected to positively impact local CPO prices.

 

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