MARKET DEVELOPMENT
Malaysia Keeps Crude Palm Oil Export Tax at 4.5 Pct for November
Malaysia Keeps Crude Palm Oil Export Tax at 4.5 Pct for November
16/10/2013 (Reuters) - Malaysia, the world's No.2 palm oil producer, has set its crude palm oil export tax for November at 4.5 percent, a government circular showed on Wednesday.
The rate has been left unchanged since March.
The Southeast Asian country calculated a reference price of 2,303.06 ringgit ($720) per tonne for crude palm oil for November, effectively keeping the rate unchanged.
The rate has been left unchanged since March.
The Southeast Asian country calculated a reference price of 2,303.06 ringgit ($720) per tonne for crude palm oil for November, effectively keeping the rate unchanged.