Higher Indirect Tax in India, Higher CPO reserves in Indonesia and Malaysia

21-Sep-2015 # Indonesia, Malaysia Source: Indonesia

The increase in duty by India has placed Indonesia and Malaysia Crude Palm Oil (CPO) companies in a difficult situation.

India has increased CPO duty by 5 per cent points which has forced the Indonesia and Malaysia to reduce their CPO stocks. CPO production in Indonesia, the world’s largest producer and exporter of this commodity, has hit one-year high of 3.20 million tons in August.

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