Malaysia keeps April crude palm oil export duty at 8%
Published Mar 23, 2023
Tridge summary
Malaysia has maintained an export tax of 8% on crude palm oil and increased the reference price to RM4,031.45 per tonne for April, up from RM37,10.35 in March. The export tax structure for crude palm oil starts at 3% with prices ranging from RM2,250 to RM2,400 per tonne, and increases to a maximum of 8% when prices exceed RM3,450 per tonne.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
KUALA LUMPUR (March 23): Malaysia has maintained its April export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Thursday (March 23). The world's second largest palm exporter calculated a reference price of RM4,031.45 per tonne for April. The March reference price was RM37,10.35 a tonne. The export tax structure ...
Source: Theedgemarkets
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