The Edge Markets (22/03/2018) - KUALA LUMPUR (March 22): Malaysia, the world's second-largest palm oil producer after Indonesia, set its crude palm oil export tax at 5.0% in April, after a three-month duty suspension implemented at the start of the year, according to a government circular on Thursday.

The Southeast Asian nation calculated a palm oil reference price of 2,474.63 ringgit (US$633.38) per tonne for April. A price above 2,250 ringgit incurs a tax.

Malaysia in early January, suspended its export tax on crude palm oil for three months to increase demand and boost prices, as it expected stockpiles to grow in 2018.

(US$1 = 3.9070 ringgit)

Read more at http://www.theedgemarkets.com/article/malaysia-sets-april-crude-palm-oil-export-tax-5-after-earlier-suspension