Malaysia retains 8% CPO export duty at 3,915.19 ringgit/ton reference price for September.
Malaysia, world's 2nd largest palm oil producer, keeps 8% CPO export duty for September, announced by the Malaysian Palm Oil Board. Reference price for September increased to 3,915.19 ringgit/ton from 3,880.86 in August. Tax structure starts at 3% for CPO within 2,250-2,400 ringgit/ton, with max 8% rate for prices above 3,450 ringgit/ton.
August 20, 2024
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