News

Malaysia keeps March crude palm oil export duty at 8%

RBD Palm Oil
Malaysia
Published Feb 23, 2023

Tridge summary

Malaysia has maintained its March export tax for crude palm oil at 8% and lowered the 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 RM3,710.35 per tonne for March. The February reference price was RM3,893.25 a tonne. The export tax structure starts at 3% for crude palm oil in a RM2,250 to RM2,400 per tonne range.

Original content

KUALA LUMPUR (Feb 22): The maximum tax rate is set at 8% when ...
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