Malaysia keeps April crude palm oil export duty at 8%

KUALA LUMPUR: Malaysia has maintained its April export tax for crude palm oil at 8%, a circular on the Malaysian Palm Oil Board website showed on Monday.

The world’s second-largest palm exporter calculated a reference price of 5,925.33 ringgit per tonne for April.

The export tax structure starts at 3% for crude palm oil in a 2,250 to 2,400 ringgit-per-tonne range. The maximum tax rate is set at 8% when prices exceed 3,450 ringgit a tonne. – Reuters