17/10/2016 (Reuters) - Malaysia, the world's second-largest palm oil producer after Indonesia, will keep its crude palm oil export tax at 6.5 percent in November, unchanged from October, according to a circular on the Malaysian Palm Oil Board website on Friday.

The Southeast Asian nation calculated a reference price of 2,865.40 ringgit ($689.63) per tonne for November. 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 had raised the tax for October to 6.5 percent, from 5 percent in the previous month.

($1 = 4.1550 ringgit)