Worker loads and arrange palm oil fruits on top lorry inside a palm oil factory area in Sungai Besar, Selangor. FAIHAN GHANI/The Star.
PETALING JAYA: The move by Indonesia to lower the levy imposed on its palm oil exports could help narrow the country’s CPO price discount to Malaysia, which has expanded to US$100 (RM420) per tonne in the third quarter.
CGS-CIMB Research said the development will raise the competitiveness of Indonesian palm oil products as there would not be any levy imposed when the CPO price is below US$570 per tonne.
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