Malaysia keeps January crude palm oil export duty at 8%

Reuters

28 December, 2022, 03:10 pm

Last modified: 28 December, 2022, 03:09 pm

Malaysia keeps January crude palm oil export duty at 8%

Reuters

28 December, 2022, 03:10 pm

Last modified: 28 December, 2022, 03:09 pm

Photo: Collected

Photo: Collected

Malaysia has maintained its January export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Wednesday.

The world's second-largest palm exporter calculated a reference price of 3,889.52 ringgit ($880.98) per tonne for January.

The December reference price was 3,847.24 ringgit a tonne.

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($1 = 4.4150 ringgit)

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