ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Nikkei Markets

Malaysia cuts palm oil export tax to nil for September

Analysts expect exports to pick up on stronger demand from India, China

Worker load palm fruits onto a truck.
Malaysia's crude palm oil exports could pick up with better demand from India, the European Union and China.   © Reuters

KUALA LUMUR (Nikkei Markets) -- Malaysia, the world's second-largest palm oil producer after Indonesia, Monday cut its export tax rate on crude palm oil for September to nil as prices remain weak amid rising inventory.

The country is charging 4.5% tax on exports of crude palm oil in August.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more