12:08, 02/08/2012

Export duty rate to be cut from 3% to 0%

Export duty rate will be cut from 3% to 0% from September 1, 2012 by the Ministry of Finance...

Export duty rate will be cut from 3% to 0% from September 1, 2012 by the Ministry of Finance.

The cut aims to support coconut growers and producers as  the price of coconuts go down continuously

The decrease of coconut price is due to the sharp drop in purchase and price of products from coconut.

T.T