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 ...
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.
The duty hike could, however, spell trouble for FMCG companies, many of which use palm oil and other edible oils as raw materials for products such as chocolates, biscuits, cakes, cosmetics, soaps, ...