Zero duty for CPO likely to be extended

A file picture shows a worker at an oil palm mill. Poram says many refiners are experiencing negative margins.

PETALING JAYA: Palm oil refiners facing a margin squeeze from the recent imposition of the zero crude palm oil (CPO) export tax are bracing for an extension of the zero duty, which is expected to remain up till next month.

This is because the threshold price of RM2,250 per tonne for CPO to be taxed is not likely to be breached in the coming months, according to industry experts.