Malaysia keeps December crude palm oil export duty at 8.0%
Malaysia has maintained its December export tax for crude palm oil at 8% 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 3,589.09 ringgit ($767.23) per metric ton for December. The November reference price was 3,556.08 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
Turkish Ports Added to UkrAgroConsult LineUp Reports
Serbia’s autumn-sown wheat area rises 5.2%
Cocoa bean prices are below $4,000 for the first time since 2023, driven by fallin...
Wheat prices remain unchanged for the third week in a row on the CPT Odesa basis
Louis Dreyfus launches new high-oil seed crushing line in Argentina
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon