Palm oil is derived from the fruit of the oil palm tree (Elaeis guineensis), a crop native to tropical regions. In Malaysia, it is used as cooking oil and in food production due to its stability ...
The increase in the basic import tax on crude and edible oils by 20% had caused a sudden increase in the prices of oils in retail shops. This might increase the prices of food items in eateries and ...
he government is poised to introduce a new rule that lowers levies on palm oil exports, in a bid to increase the key commodity’s competitiveness against rival edible oils in the global market.