News

Malaysia kept export duty on crude palm oil at 8% in May

RBD Palm Oil
Malaysia
Regulation & Compliances
Market & Price Trends
Published Apr 24, 2024

Tridge summary

Malaysia has maintained an 8% export duty on crude palm oil and increased the benchmark price for May to 4,273.93 ringgit ($894.50) per ton, up from 3,958.58 ringgit in April. The export duties on crude palm oil vary from 3% to 8% depending on the price.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Malaysia kept the export duty on crude palm oil at 8 percent for May and raised the benchmark price, according to the website of the Malaysian Palm Oil Board. The world’s second-largest palm oil exporter calculated the base price for May at 4,273.93 ringgit ($894.50) per ton. The benchmark price in April was 3,958.58 ringgit per ton. Export duties on crude palm oil start at 3% and range from ...
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