Malaysia retains April crude palm oil export responsibility at 8%

KUALA LUMPUR: Malaysia has maintained its April export tax for crude palm oil at 8%, a round on the Malaysian Palm Oil Board web site confirmed on Monday.

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

The export tax construction begins at 3% for crude palm oil in a 2,250 to 2,400 ringgit-per-tonne vary. The utmost tax price is ready at 8% when costs exceed 3,450 ringgit a tonne. – Reuters


Source link

Leave a Comment