Malaysia Maintains 8% Crude Palm Oil Export Duty for June

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

The world’s second-largest palm oil producer calculated a reference price of 4,627.40 ringgit/ton in June, up from 4,533.40 ringgit in May.

Malaysia CPO reference prices have risen for 12 straight months.

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