The world's second largest palm exporter calculated a reference price of 4,031.45 ringgit ($914.16) per tonne for April
Malaysia has maintained its April export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Thursday.
The world's second largest palm exporter calculated a reference price of 4,031.45 ringgit ($914.16) per tonne for April. The March reference price was 3710.35 ringgit a tonne.
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.
($1 = 4.4100 ringgit) (Reporting by)
Source: Zawya
March 29, 2023
