Malaysia keeps November crude palm oil export duty at 8%
Malaysia has maintained its November export tax for crude palm oil at 8%and raised 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 3,949.73 ringgit ($918.54) per metric ton for November. October’s reference price was 3,839.10 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.
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
Sunseed prices in russia decouple from global markets amid Black Sea export restri...
Cool and wet weather increases disease and pest pressure on Ukraine’s winter...
Malaysian palm oil production expected to decline in November
Russia complicates Kazakh grain transit to the EU amid shift in its own export routes
European sunflower oil prices rise by $60–65/ton after Ukrainian plants halt opera...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon