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NEWS ADMIN

DATE

14/03/2019

NEWS PROVIDER

Nur Aisha Abd. Wahab

NEWS SOURCE

Agriculture.com

CATEGORY

HEADLINE

Malaysia keeps April crude palm oil export duty at 0 pct

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