Malaysia keeps July crude palm oil export duty at 8%

Published Jun 14, 2024

Tridge summary

Malaysia has kept its July export tax for crude palm oil at 8% but has reduced its reference price to 3,839.63 ringgit ($814.34) per metric ton, down from 3,956.06 ringgit a ton in June. The export tax structure in Malaysia varies from 3% to 8% depending on the price of crude palm oil.
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 loweredits 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 ...
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