PETALING JAYA: The recent hike in India’s import tax of processed palm oil products to 10% from 7.5% previously is expected to boost local crude palm oil (CPO) exports into the world’s largest consumer of edible oils, but will however limit the export of local refined palm oil.
Malaysia would have an advantage because its current CPO export duty at 5% was much lower compared with Indonesia’s CPO export duty of 12%, said market observers.
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