Malaysia keeps November crude palm oil export duty at 8.0%
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
MALAYSIA has maintained its November export tax for crude palm oil at 8 per cent and reduced its reference price, a circular on the Malaysian Palm Oil Board website showed on Friday (Oct 14).
The world’s second-largest palm exporter calculated a reference price of RM3,575.80 (S$1,082.6) per tonne for November, compared to RM4,033.51 (US$858.19) in October.
The export tax structure starts at 3 per cent for crude palm oil in a RM2,250 to 2,400 per-tonne range. The maximum tax rate is set at 8 per cent when prices exceed RM3,450 a tonne. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
