Malaysia keeps November crude palm oil export duty at 8%

Malaysia has maintained its November export tax for crude palm oil at 8%and raised 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 3,949.73 ringgit ($918.54) per metric ton for November. October’s reference price was 3,839.10 ringgit a ton. The export tax structure starts at 3% for crude palm oil in a 2,250 to 2,400 ...