Malaysia may cut palm oil export tax amid global supply crisis

Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin

KUALA LUMPUR: Malaysia is considering cutting its export tax on palm oil and plans to slow implementation of its biodiesel mandate to help meet global demand amid an edible oil shortage, its commodities minister told Reuters on Tuesday.

Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin said in an interview her ministry has already proposed the cut to the finance ministry, which has set up a committee to look into the details.