(Source: themalaymailonline.com)

Indonesia’s palm oil export levy will have a short-term negative impact on Malaysian plantation companies, but expected to boost the crude palm oil (CPO) price and plantation profits in the longer term, said Affin Hwang Investment Bank Bhd today.

In a research note today, the investment bank said imposition of the export levy would affect Malaysian planters in Indonesia, and those which have yet to set up refining and oleochemical plants in the country.

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