LOCAL exporters of processed palm oil will be further encouraged to increase their exports with the proposed abolishment of export duty on crude and refined, bleached and deodorised (RBD) palm olein under Budget 2004.
Malaysian Palm Oil Association chief executive M.R. Chandran said the proposal would help regularise the exports as well as provide more opportunities, especially for RBD palm olein exporters, to boost exports to major importing countries such as India and Pakistan.
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