MARKET DEVELOPMENT
Malaysia to Ship 3 Million Tons Tax-Free Palm Oil, Reuters Says
Malaysia to Ship 3 Million Tons Tax-Free Palm Oil, Reuters Says
07/02/2012 (Bloomberg) - Malaysia’s tax-free quota for crude palm oil exports this year was set at 3 million metric tons, Reuters reported yesterday and cited sources it did not identify.
IOI Corp. and FELDA Plantations Sdn. received their quota last week, the news agency said. The total quota represents 15.5 percent of projected output this year from the Southeast Asian country, according to the report.