Malaysia raises Sept crude palm oil reference price, lifting duty to 10%
The world's second-largest palm exporter calculated a reference price of RM4,053.43 per metric ton for September. The August reference price was RM3,864.12 a ton, and incurred a duty of 9%.
The export tax structure starts at 3% for crude palm oil in a RM2,250 to RM2,400-per-ton range. The maximum tax rate is set at 10% when prices exceed RM4,050 a ton. - Reuters
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