Malaysia could allow duty free palm oil exports until year end, says Felda Global

MUMBAI: Malaysia, the world's second-biggest palm oil producer, could extend duty free exports until the end of 2014 if prices of the tropical oil remain at current levels, a leading palm oil producer told Reuters in an interview.

Malaysia has allowed duty free exports of crude palm oil for September and October. A further extension in duty free exports would help it reduce stockpiles but also put pressure on rival top producer Indonesia to consider similar measures.