15/09/2016 (Reuters) - Malaysia, the world's second-largest palm oil producer after Indonesia, will raise its crude palm oil export tax to 6.5 percent in October from 5 percent in September, according to a circular on the Malaysian Palm Oil Board website on Thursday.

The Southeast Asian nation calculated a reference price of 2,879.47 ringgit ($698) per tonne for October. A price above 2,250 ringgit incurs a tax, which starts from 4.5 percent and can reach a maximum of 8.5 percent.

Malaysia last raised the tax in July from 5.5 percent in June.

($1 = 4.1250 ringgit)