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
MARKET SIGNALS TO WATCH, June 20 – 27, 2025
Export duty back on the table: Ukraine revisits 10% tariff on soy and rapeseed
Global Trade in Focus: What’s Ahead for Grains & Oils in 2025/26?
India’s palm oil imports jump 61% in June to hit 11-month high
Ukrainian farmers are approaching the harvest of the first million tons of grain o...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon