Malaysia cuts July palm oil reference price, export duty falls to 8.5% — MPOB
Malaysia has lowered its July crude palm oil reference price, a change that lowers the export duty to 8.5%, a circular on the Malaysian Palm Oil Board (MPOB) website showed on Wednesday (June 25).
The world’s second largest palm exporter calculated a reference price of RM3,730.48 (US$880.87) per metric tonne for July. The June reference price was RM3,926.59 a tonne, and incurred a duty of 9.5%.
The export tax structure starts at 3% for crude palm oil in a RM2,250 to RM2,400-per-tonne range. The maximum tax rate is set at 10%, when prices exceed RM4,050 a tonne.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Secure Early Ticket (offline & online) for BLACK SEA GRAIN.KYIV by Jan 31!
Kernel expands partnership with Spanish vegetable oil producer
POSCO International boosts net profit by 26.5% in 2025 on energy and grain trading
Ukrainian soybean oil has captured almost half of the European market
Low water levels on US rivers reshape grain export routes
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon