Malaysia Maintains 8% Crude Palm Oil Export Duty for May

Oleochem Analytics — Malaysia has kept its May export duty for crude palm oil at 8%, though it raised the reference price, a circular on the Malaysian Palm Oil Board website showed earlier this month.

The world’s second-largest palm oil producer calculated a reference price of 4,533.40 ringgit/ton in May, up from 4,331.48 ringgit in April.

Malaysia CPO reference prices have risen for 11 months and Indonesia is heard also raising its export tax and export levy.

Share on linkedin
Share on facebook
Share on twitter
Share on email
Scroll to Top