Malaysia maintains export duty on crude palm oil at 8% in November
Malaysia has kept export duty on crude palm oil at 8% for November and raised the benchmark price, the Malaysian Palm Oil Board (MPOB) said in a circular on its website on Wednesday.
The world’s second-largest palm exporter calculated a base price of RM3,949.73 (US$918.54) per metric ton for November. The benchmark price in October was RM3,839 per metric ton.
The export duty structure starts at 3% for crude palm oil in the range of RM2,250-RM2,400 per tonne. The maximum tax rate is set at 8% when prices exceed RM3,450 per 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
White House launches OnlyFarms platform showing economic results of Trump’s polici...
Ukraine 2026–2030: Global Drivers and Local Transformation
US corn planting seen down, soybean acres up as Iran war drives up costs
Following crude oil: Agriculture may be the next victim of the global shock
Tunisia’s olive oil exports rise in volume but revenues fall on lower prices
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon