Malaysia keeps August crude palm oil export duty at 8.0%
Malaysia has maintained its August export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Friday.
The world’s second-largest palm exporter calculated a reference price of 3,614.28 ringgit ($800.15) per metric ton for August. The July reference price was 3,604.73 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
Ethiopia launches sorghum commercialization program and plans to boost exports
CHS to invest $700 mln in new US soybean processing plant
Drought and feed shortages force EU livestock farmers to reduce herds
FedEx expands SAF purchases and boosts demand for alternative aviation fuel
Jordan launches tender to buy 120 thsd tons of wheat
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon