Malaysia keeps Oct crude palm oil export tax at 8 pct
Reuters
September 20, 2021 04:01 MYT
September 20, 2021 04:01 MYT
The world's second-largest palm exporter calculated a reference price of 4,472.46 ringgit ($1,068.18) per tonne for October. WWF-Malaysia/Mazidi Abd Ghani Photo
KUALA LUMPUR: Malaysia maintained its October 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 4,472.46 ringgit ($1,068.18) per tonne for October, up from 4,255.52 ringgit in September.
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.