Malaysia keeps October crude palm oil export duty at 8%
Malaysia has maintained its October export tax for crude palm oil at 8% and lowered its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.
The world’s second largest palm exporter calculated a reference price of RM3,710.50 per metric ton for October. The September reference price was RM3,755.13 a ton.
The export tax structure starts at 3% for crude palm oil in a RM2,250 to RM2,400 per tonne range. The maximum tax rate is set at 8% when prices exceed RM3,450 a tonne.
Read also
Trump announces new tariff ultimatums for Mexico and the EU
Oilseed Season 2025/26: Déjà Vu or New Chapter?
Nigeria, Brazil sign $1 billion deal to boost agriculture, energy
Corn exports from Ukraine in MY 2025/26 will increase by 3 mln tons
Feed wheat supplies are disappearing from the Black Sea markets, demand prices hav...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon