Malaysia keeps September crude palm oil export duty at 8%
Malaysia has maintained its export tax for crude palm oil at 8% in September and raised 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 3,915.19 ringgit ($896.75) per metric ton for September. August’s reference price was 3,880.86 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.
Read also
Black Sea & Danube: Crop and Export Forecast
Rapid exports of Ukrainian flour to China unlikely despite market opening
Soybean harvest begins in Argentina
Ukraine, Syria and Turkey discuss logistical routes bypassing the Strait of Hormuz
Brazil ships first DDG batch to China, opening new feed market
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon