Malaysia may reduce palm oil export duty and cut biodiesel blending

In Malaysia, Reuters reports Malaysia may cut its export duty on palm oil by half to fill a gap in the global edible oil market left by the disruption caused by Russia’s invasion of Ukraine. The finance ministry has set up a committee to explore the proposal from the plantation industries and commodities ministry that seeks to cut the duty to 4-6% from the current 8%. The country will ease its B30 mandate as well to free up palm oil supplies for export into the global market.