CPO zero export tax seen to help sales in Africa, Middle East, Russia
Malaysia has agreed to place a tax-free exemption on crude palm oil (CPO) from May 1 to Dec 31, 2019. Currently, CPO exports from Malaysia enjoy zero export tax as the CPO price is below RM2,250 per tonne. The move is expected to encourage CPO exports to African countries, Middle Eastern nations, and Russia, all of which are interested in buying Malaysian CPO.
