03/09/2012 (Bernama) - The government is reviewing the palm oil export tax structure to remain competitive in the industry, Deputy Minister of Plantation Industries and Commodities Datuk Hamzah Zainudin said Monday.

He said the government was studying the tax structure and would make an announcement once the study was concluded.

"We need to be fair to all the industry players and we need more time to consider all the factors before making any announcement," he told reporters after launching the 32nd Palm Oil Familiarisation Programme here.

Hamzah however declined to disclose when the government would announce the new tax structure.

Malaysia and Indonesia are the world's leading palm oil suppliers.