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NEWS ADMIN

Mahamad Rodzi Abdul Ghani

DATE

10/11/2001

NEWS PROVIDER

Mahamad Rodzi Abdul Ghani

NEWS SOURCE

NULL

CATEGORY

HEADLINE

Malaysia extends duty-free crude palm exports
KUALA LUMPUR, Nov 9 (Reuters) - Malaysia will allow duty-free export of1.3 million tonnes of crude palm oil (CPO) in 2002 to boost the market,the government said on Friday."The government has decided that for next year 1.3 million tonnes of CPOwill be available to be exported tax-free," Primary Industries MinisterLim Keng Yaik told reporters.He said only companies which have plantations and refineries in Malaysia'seastern states of Sabah and Sarawak can apply for the quota.Lim said the one million tonne quota for this year was almost exhausted.Traders had hoped the government would announce a new quota for duty-freeexport of CPO after India cut import duties to 65 percent from 75 percentlast week, and also because of aggressive sales by arch rival Indonesia.