PALM NEWS MALAYSIAN PALM OIL BOARD Tuesday, 26 Nov 2024

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Malaysia keeps July crude palm oil export duty at 8.0%
calendar22-06-2023 | linkThe Star Online | Share This Post:

21/06/2023 (The Star Online), Kuala Lumpur - Malaysia has maintained its July export tax for crude palm oil at 8% and lowered 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 RM3,604.73 per tonne for July. The June reference price was RM4,144.31 a tonne.

 

The export tax structure starts at 3% for crude palm oil in a RM2,250 to RM2,400 per tonne range. The maximum tax rate is set at 8% when prices exceed RM3,450 a tonne. - Reuters

 

https://www.thestar.com.my/business/business-news/2023/06/21/malaysia-keeps-july-crude-palm-oil-export-duty-at-80