date:Oct 15, 2012
ucer, reacts, he said.
Malaysias Plantation Industries and Commodities Minister Bernard Dompok said Oct. 12 that the country will from 2013 end a duty-free export quota and cut the rate on shipments to a sliding scale of 4.5 percent to 8.5 percent from a levy of 23 percent. Palm oil has tumbled into a bear market as demand growth faltered and stockpiles in Malaysia swelled to a record. India is the largest buyer of palm oil, used in foods and fuels.
With the removal of the quota and the fixed