MUMBAI: Malaysia, the world's second-biggest palm oil producer, could extend duty free exports until the end of 2014 if prices of the tropical oil remain at current levels, a leading palm oil producer told Reuters in an interview.
Malaysia has allowed duty free exports of crude palm oil for September and October. A further extension in duty free exports would help it reduce stockpiles but also put pressure on rival top producer Indonesia to consider similar measures.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
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!
