MARKET DEVELOPMENT
Malaysia Keeps February Crude Palm Oil Export Tax at 5 Pct
Malaysia Keeps February Crude Palm Oil Export Tax at 5 Pct
15/01/2014 (Reuters) - Malaysia, the world's No.2 palm oil producer, has kept its crude palm oil export tax for February unchanged at 5 percent, a government circular showed on Wednesday.
The Southeast Asian country calculated a reference price of 2,524.07 ringgit ($770) per tonne for crude palm oil for February, effectively keeping the export duty at 5 percent. ($1 = 3.2635 Malaysian ringgits)
The Southeast Asian country calculated a reference price of 2,524.07 ringgit ($770) per tonne for crude palm oil for February, effectively keeping the export duty at 5 percent. ($1 = 3.2635 Malaysian ringgits)