Malaysia keeps March crude palm oil export duty at 10%
Malaysia has maintained its March export tax on crude palm oil at 10%, and lowered its reference price, a circular on the Malaysian Palm Oil Board website showed on Wednesday.
The world’s second-largest palm exporter calculated a reference price of RM4,390.37 per metric ton for March. The February reference price was RM4,817.70 a ton.
The export tax structure starts at 3% for crude palm oil in a RM2,250 to RM2,400-per-ton range. The maximum tax rate is set at 10%, when prices exceed RM4,050 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
Drought and the receding waters of the Danube are worsening conditions for Romania...
Jordan launches tenders to buy wheat and barley
Ukraine could cover EU corn deficit — Vysotskyi
Global importers are bracing for a wheat shortage due to supply issues from the Bl...
Grain prices approach three-year high amid Black Sea export disruptions
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon