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 RM3,839.10 per metric ton for October. September’s reference price was RM3,915.19 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 8% when prices exceed RM3,450 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
Coming Up in UkrAgroConsult Reports: Key Market Signals
Wheat prices rise in Chicago and Paris ahead of new USDA forecast
Ukrainian farmers may cut acreage of export-dependent crops
Grain purchasing in Russia faces collapse amid maritime export disruptions
European Parliament blocks European Commission initiative on soybean oil classific...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon