Malaysia keeps July crude palm oil export duty at 8%

Published Jun 13, 2024

Tridge summary

Malaysia has maintained its export tax for crude palm oil at 8% for July while lowering the reference price to 3,839.63 ringgit ($814.34) per metric ton, down from June's 3,956.06 ringgit per ton. The export tax structure varies, starting at 3% for prices between 2,250 to 2,400 ringgit per ton, and reaching a maximum of 8% for prices above 3,450 ringgit per ton.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Malaysia has maintained its July export tax for crude palm oil at 8%and lowered 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 3,839.63 ringgit ($814.34) per metric ton for July. June’s reference price was 3,956.06 ringgit a ton. The export tax structure starts at 3% for crude palm oil in a 2,250 to 2,400 ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.