Malaysia lowers December crude palm oil reference price, maintains duty at 10%
Malaysia has lowered its crude palm oil reference price for December to a level that maintains the export duty at 10%, a circular on the Malaysian Palm Oil Board website showed on Monday.
The world’s second-largest palm exporter calculated a reference price of 4,206.38 ringgit per metric ton for December. The November reference price was RM4,262.23 a tonne, and incurred a duty of 10%.
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 10% when prices exceed RM4,050 a tonne.
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
2026-2030 Economic Outlook: New Business Architecture
High Prices and Expanding Processing Are Transforming Ukraine’s Oilseed Market
Poland imported US soybean meal for the first time since 2019
Angola continues to import corn despite increased production
Soybean imports to China fell by more than 7% in two months
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon