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Malaysia keeps May crude palm oil export duty at 8%
calendar18-04-2023 | linkThe Star Online | Share This Post:

17/04/2023 (The Star Online), Kuala Lumpur - Malaysia has maintained its May export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Monday.

 

The world's second-largest palm exporter calculated a reference price of 4,063.58 ringgit per tonne for May. The April reference price was 4,031.45 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. - Reuters

 

https://www.thestar.com.my/business/business-news/2023/04/17/malaysia-keeps-may-crude-palm-oil-export-duty-at-8