Indonesia Crude Palm Oil Export Tax, Levy Unchanged for December
Indonesia maintained the crude palm oil (CPO) export tax and levy at the top rate $375/t for December, an official document on the trade ministry website showed 29 November.
Malaysia Maintains 8pc Crude Palm Oil Export Duty for December
Malaysia maintained the December export duty for crude palm oil (CPO) at 8pc, as the reference price rose to record highs, a circular on the Malaysian Palm Oil Board (MPOB) website showed on 19 November.
India Palm Oil Imports Up by Over 15pc in 2020-21 Marketing Year
India’s palm oil imports increased by 15.23pc in the 2020-21 marketing year compared to the previous year as a result of a reduction in crude palm oil (CPO) import duties and the lifting of restrictions on refined, bleached and deodorized (RBD) palm olein imports, according to the national trade body Solvent Extractors’ Association (SEA).
Malaysia End-October Palm Oil Stocks Rise by Over 4pc
Malaysia’s end-October palm oil stocks rose by 4.42pc from the previous month to 1.83mn t, data from industry regulator Malaysian Palm Oil Board (MPOB) showed on 10 November.