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
UkrAgroConsult Advises on In-House Power Generation Projects
Argentine farmers are in no rush to sell wheat
Kazakhstan plans to produce SAF from industrial oilseed crops
Egypt harvests more than 10 mln tons of wheat for the first time
Ukraine’s EU accession could strengthen European livestock sector through lo...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon