Indonesia, the world's top exporter of palm oil, will not collect levies from palm exporters when prices are below a threshold of $570 per tonne, but will charge $10-$25 once prices are in a range of $570-$619 per tonne. The range will rise to $20-$50 when prices hit above $619 per tonne.
JOHOR BARU: The state government is in discussion with Cyprus on the possibility of importing palm oil from Johor, says Mentri Besar Datuk Osman Sapian.
He said Cyprus wanted to be a centre for palm oil within the Mediterranean region, and this was a good sign for the sector here.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
