MPIC in the midst of discussions with MoF to slash palm oil export tax

KUALA LUMPUR: Ministry of Plantation Industries and Commodities (MPIC) is in the midst of discussions with the Ministry of Finance (MoF) to look into the viability of slashing Malaysia’s palm oil export tax to 4-6 per cent from the current 8 per cent.

Its Minister Datuk Zuraida Kamaruddin said Malaysia should slow down the implementation of its biodiesel mandate to help meet global demand amid an edible oil shortage.

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Palm oil , Zuraida Kamaruddin , Malaysia , Indonesia , tax


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