You are here

Malaysia March export tax for crude palm oil unchanged at 6%

KUALA LUMPUR, Feb 13 (Reuters) - Malaysia has held its export tax for crude palm oil unchanged at 6% for March, the Malaysian Palm Oil Board said on Thursday, citing the national customs department.

The reference price is set at 2,982.63 ringgit per tonne.

The world's second-largest producer and exporter of palm oil had raised its export tax for February to 6% from 5% in January.

The export tax structure starts at 3% for crude palm oil priced in a 2,250-2,400 ringgit-per-tonne range. The maximum tax rate is set at 8% when prices are above 3,450 ringgit a tonne. (Reporting by Mei Mei Chu; Editing by Tom Hogue)

© Copyright Thomson Reuters 2020. Click For Restrictions -

Read more about

Tip of the Day

Keep Your Scraper Level With an RV Accessory

land plane Borrow from the world of RV accessories to check that the scraper is staying level.

Talk in Marketing