29.11.2018 (The Edge Markets MY) - KUALA LUMPUR (Nov 29): Malaysia maintained its export tax on crude palm oil for December at 0%, according to a circular on the Malaysian Palm Oil Board's website, citing the national customs department.

The export tax was at 0% in November.

Malaysia is the world's second-largest producer of palm oil.

The Southeast Asian nation calculated a palm oil reference price of RM1,975.50 (US$471.37) per tonne for December. Any price above RM2,250 incurs a tax.

Malaysian benchmark palm oil futures were last up 2.4% at RM2,014 a tonne at the close on Wednesday.