KUALA LUMPUR: Palm oil exports from Malaysia, which waived a levy on shipments for the final four months of 2014, will probably remain duty-free in January as average prices stay below a threshold for a tax to be imposed.
The duty, which is based on a price-reference rate compiled by the palm board, will most likely continue at zero, according to CIMB Investment Bank Bhd, BNP Paribas SA and Phillip Futures Sdn.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
