CPO export duty exemption extended

The biodiesel project is part of the Government initiatives to stablise the palm oil stock and price.

KUCHING: In an effort to help mitigate the downtrend in crude palm oil (CPO) price, the Government has decided to extend the removal of the CPO export duty to December this year, said Plantation Industries and Commodities Minister Datuk Amar Douglas Uggah Embas.

He said the low price of CPO recently was due to the oversupply of vegetable oils and the price fluctuations were an inevitable global phenomenon which was typical of community products.