Malaysian Palm oil shipment tax to remain at zero next month

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.