| Malaysian Palm Oil Products Competitive in Low CPO Price Environment But May Be Affected By Indonesian Tax Factor When Price is High |
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| by Lim Teck Chaii
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| In October 2011, Indonesia restructured its palm oil export duty. The new tax structure increases the difference between export duty for crude and refined palm products. This gives incentives for Indonesian palm oil players to increase its refining activity. The change is aimed at encouraging palm oil refining and processing activities onshore. With the implementation of this new tax structure, Indonesia hopes to tilt its crude to refined products export ratio from 58:42 in 2011 to 40:60 by 2015. |
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