Thursday, September 15, 2011

Malaysia Plantation : Indonesia Cuts Taxes !

Malaysian palm exports to suffer after Indonesia cuts taxes. Malaysia’s palm oil exports for the rest of 2011 will be flat at best with a negative outlook next year as refiners are at a price disadvantage after No 1 producer Indonesia slashed refined palm olein export taxes. The Indonesia’s tax change from today will cut production costs for Indonesian refiners by USD72-USD129 a tonne. (Financial Daily)

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