OILS & FATS
Malaysia keeps December crude palm oil export duty at 8per cent
Malaysia keeps December crude palm oil export duty at 8per cent
30/11/2022 (Today Online), Kuala Lumpur - Malaysia has maintained its December export tax for crude palm oil at 8per cent and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Wednesday.
The world's second-largest palm exporter calculated a reference price of 3,847.24 ringgit (US$866.50) per tonne for December.
The November reference price was 3,575.80 ringgit a tonne.
(US$1 = 4.4400 ringgit)