KUALA LUMPUR: Malaysia is considering waiving the crude palm oil (CPO) export tax to help clear record-high stockpiles and narrow the pricing gap with Indonesia.
The move aims to make Malaysian exports more competitive and help producers regain lost market share.
The proposal comes as Malaysia's palm oil inventories climbed to 3.5 million tonnes last month, putting growing pressure on exporters because Indonesian palm oil continues to enjoy a significant price advantage.
According to a wire report, the government is considering the waiver. The Plantation and Commodities Ministry is expected to discuss the proposal with industry players.
