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Malaysia Keeps Feb Crude Palm Oil Export Tax Unchanged At Zero
calendar18-01-2016 | linkReuters | Share This Post:

18/01/2016 (Reuters) - Malaysia, the world's second-largest palm producer after Indonesia, will maintain its crude palm oil export tax at zero for the tenth consecutive month in February, a government circular showed.

The Southeast Asian nation calculated a reference price of 2,153.74 ringgit ($489.88) per tonne for February. A price above 2,250 ringgit per tonne incurs a tax, which starts from 4.5 percent and can reach a maximum 8.5 percent.