PALM NEWS MALAYSIAN PALM OIL BOARD Sunday, 28 Apr 2024

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Malaysia keeps April crude palm oil export duty at 8%
calendar18-03-2024 | linkThe Star Online | Share This Post:

15/03/2024 (The Star Online), Kuala Lumpur - Malaysia maintained its export tax for crude palm oil at 8% for April and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Friday.

 

The world's second-largest palm exporter calculated a reference price of 3,958.58 ringgit ($842.43) per metric ton for April. March's reference price was 3,793.94 ringgit a ton.

 

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

 

https://www.thestar.com.my/business/business-news/2024/03/15/malaysia-keeps-april-crude-palm-oil-export-duty-at-8