This entry was posted on Monday, September 28th, 2009 at 4:09 pm and is filed under Rubber News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
KUALA LUMPUR, Sept 28 (Reuters) – Malaysia, the world’s third largest rubber producer, has imposed a new levy of 4 Malaysian cents a kg on imported rubber for re-export, as well as compound rubber, according to government documents seen by Reuters on Monday.
Previously, the two items were exempted from the levy, said dealers, suggesting the Southeast Asian country was now trying to curb its reliance on imports and support domestic production that has been on the decline as tapping areas have shrunk.
Malaysia also raised its current levy on natural rubber exports to 4 Malaysian cents a kg from 3.85 cents previously, the documents from the Malaysian Rubber Board show. All changes took effect from September 1.
Source: Reuters