Malaysia keeps January crude palm oil export duty at 8%

KUALA LUMPUR, Dec 21 (Reuters) – 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 Thursday.

The world’s second-largest palm oil exporter calculated a
reference price of 3,679.50 ringgit ($791.63) per metric ton for
January. The December reference price was 3,589.09 ringgit a
ton.

The export tax structure starts at 3% for crude palm oil in
a 2,250 to 2,400 ringgit-per-ton range. The maximum tax rate is
set at 8% when prices exceed 3,450 ringgit a ton.

($1 = 4.6480 ringgit)
(Reporting by Danial Azhar; Editing by Kanupriya Kapoor)



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