NUSA DUA, Indonesia, Nov 29
(Reuters) - Malaysia, the world's second largest palm oil producer, will
announce details of its proposed cut to crude palm oil export taxes by the end
of December, a government official said on Thursday.
"We will make an announcement
on the exact pricing in the last few days of December," said the official
who declined to be named due to sensitivity of the issue.
The tax, due to take effect on Jan.
1, is aimed at making crude exports more competitive in the face of a tax cut
for refined grades by top producer Indonesia
The Malaysian government has proposed pegging
the tax at between 4.5 and 8.5 percent depending on the market prices, a cut
from the current 23 percent.
