Malaysia keeps February crude palm oil export duty at 10%
Malaysia has maintained its February export tax for crude palm oil at 10% and lowered 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 4,817.70 ringgit ($1,071.79) per metric ton for February. The January reference price was 5,001.72 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 10% when prices exceed 4,050 ringgit a ton.
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
Abbey Commodities – General Partner of BLACK SEA GRAIN.KYIV-2026
Black Sea & Danube Barley Market at a Turning Point: Demand Pressure and Regi...
Rapeseed market focuses on new crop
China has not yet allowed the import of peas from Ukraine, but has increased suppl...
Canadian grain and oilseed exports to the EU could be suspended due to pesticide r...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon