Zuraida looking to halve palm oil export tax | The Malaysian Insight

Plantation Industries and Commodities Minister Zuraida Kamaruddin says Malaysia should slow down its biodiesel mandate to help meet global demand amid an edible oil shortage. – The Malaysian Insight file pic, May 20, 2022.

THE Ministry of Plantation Industries and Commodities is discussing with the Ministry of Finance about reducing Malaysia’s palm oil export tax from 8% to 4-6%. Plantation Industries and Commodities Minister Zuraida Kamaruddin said Malaysia should slow down its biodiesel mandate to help meet global demand amid an edible oil shortage.

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