KUALA LUMPUR (March 7): Malaysia is still negotiating with Indonesia on standardising both countries' crude palm oil (CPO) export tax after both nations' policy makers sought feedback from the private sector. Malaysia's Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said both countries hoped to work together based on a standard CPO price structure. We hope that we can work together with a standard price structure, but this has not been done as yet. The Malaysian Palm Oil Board's (MPOB) website indicated that the country raised its CPO export tax to 8% this month (March 2017) from 7.5% in February. In January, the CPO export tax stood at 7%, according to the MPOB's website.

Source: The Edge Markets March 07, 2017 07:07 UTC