Malaysia maintains export duty on crude palm oil at 10% in January
Malaysia has kept January’s export duty on crude palm oil at 10 percent and raised the benchmark price, according to a circular published Tuesday on the website of the Malaysian Palm Oil Board.
The world’s second-largest palm exporter calculated a base price of 5,001.72 ringgit ($1120.96) per metric ton for January. The base price for December was 4471.39 ringgit.
The export duty structure starts at 3% for crude palm oil, ranging from 2,250 to 2,400 ringgit per metric ton. The maximum tax rate is set at 10% when prices exceed 4050 ringgit per 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
EPA proposes record US biofuel mandates: Update
Ethiopia aims to replicate wheat success across other crops
Israeli strikes on Iran have led to a sharp increase in oil and agricultural price...
Top soy sauce maker to float $1.2 bln in Hong Kong
ABARES cuts Australian canola production and export expectations
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon