Agriculture.com (13/03/2019) - KUALA LUMPUR, March 13 (Reuters) - Malaysia kept its export duty on crude palm oil for April at zero percent, according to a circular on the Malaysian Palm Oil Board's website on Wednesday that cited the national customs department.
The duty has been at zero percent since September.
Malaysia, the world's second-largest producer of palm oil, calculated a palm oil reference price of 2,056.04 ringgit ($502.70) per tonne for April. Any price above 2,250 ringgit incurs a duty.
Malaysian benchmark palm oil futures last fell 1.0 percent to 2,094 ringgit a tonne on Wednesday. ($1 = 4.0900 ringgit) (Reporting by Emily Chow, editing by Richard Pullin)
Read more at https://www.agriculture.com/markets/newswire/malaysia-keeps-april-crude-palm-oil-export-duty-at-0-pct