Malaysia Maintains 8% Crude Palm Oil Export Duty for July

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

The world’s second-largest palm oil producer calculated a reference price of 4,668.15 ringgit/ton in July, up from 4,627.40 ringgit in June.

Malaysia CPO reference prices have risen for 13 straight months.

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