Tax war to spur palm oil demand

Published: 1-Oct-2014
Ingredients Sustainability

Palm oil's share of global vegetable oil consumption looks set to climb as the prominent two producers engage in an export tax tussle

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Tax war to spur palm oil demand

Palm oil's share of global vegetable oil consumption looks set to climb as the prominent two producers engage in an export tax tussle designed to boost sales. Just a month after the world’s second largest producer, Malaysia, cut export tax, leading palm oil maker, Indonesia, plans to follow suit to help boost sales of the tropical oil, which is commonly used in cosmetics.

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