Malaysia keeps August crude palm oil export duty at 8%
Malaysia has maintained its August export tax for crude palm oil at 8.0% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Thursday.
The world’s second-largest palm exporter calculated a reference price of 3,880.86 ringgit ($831.91) per metric ton for August. July’s reference price was 3,839.63 ringgit a ton.
The export tax structure starts at 3% for crude palm oil in a 2,250 to 2,400 ringgit-per-ton range. The maximum tax rate is set at 8% when prices exceed 3,450 ringgit a ton.
Read also
Early Rate expires this week – catch up with BLACK SEA OIL TRADE-2025!
Indonesia’s corn export plans spark mixed reactions
Russia pushes for grain exchange within BRICS, but China and India are reluctant –...
Uzbekistan to fully digitalize wheat procurement process
Russia reduced vegetable oil exports by 19% since the beginning of the year
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon