The world's second largest palm exporter calculated a reference price of 4,031.45 ringgit ($914.16) per tonne for April

23/03/2023 (Zawya) - Malaysia has maintained its April export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Thursday.

The world's second largest palm exporter calculated a reference price of 4,031.45 ringgit ($914.16) per tonne for April. The March reference price was 3710.35 ringgit a tonne.

The export tax structure starts at 3% for crude palm oil in a 2,250 to 2,400 ringgit-per-tonne range. The maximum tax rate is set at 8% when prices exceed 3,450 ringgit a tonne.

($1 = 4.4100 ringgit)

Reuters

https://www.zawya.com/en/world/china-and-asia-pacific/malaysia-keeps-april-crude-palm-oil-export-duty-at-8-o4qhtk9p