Malaysia to leave duty on crude palm oil exports unchanged in June
According to the Malaysian Palm Oil Board, Malaysia will keep the export tax on crude palm oil at 8% in June.
At the same time, the reference price for the product next month will be lowered to 3956.06 ringgit ($845.13) per ton against 4273.93 ringgit/t set in May.
As a reminder, Malaysia’s 3% export duty on crude palm oil starts to apply at a price in the range of 2250 to 2400 ringgit/t. The maximum tax rate is set at 8% if prices exceed 3450 ringgit/t.
Read also
Victoria Golubyatnikova, SGS – Speaker at BLACK SEA OIL TRADE-2025, Bucharest
Over 700 thsd tons of Ukrainian grain were exported
Moldovan government approves sale of Giurgiuleşti port to Romania
In Central Russia, oilseed crops overtook wheat in terms of sown area for the firs...
Sunflower seeds harvest forecasts: Drought hits Ukraine, while Russia and Kazakhst...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon