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News Admin
 
Date
 14/02/2020
News Provider
 Nur Aisha Abd. Wahab
News Source
 Successful Farming
Headline
 Malaysia March export tax for crude palm oil unchanged at 6%

Successful Farming (13/02/2020) - 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)


Read more at https://www.agriculture.com/markets/newswire/malaysia-march-export-tax-for-crude-palm-oil-unchanged-at-6



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