Latest news with #053.43
New Straits Times
5 days ago
- Business
- New Straits Times
Malaysia raises Sept crude palm oil reference price, lifting duty to 10pct
KUALA LUMPUR: Malaysia has raised its September crude palm oil reference price, a change that increases the export duty rate to 10 per cent, a circular on the Malaysian Palm Oil Board website showed on Wednesday. The world's second-largest palm exporter calculated a reference price of RM4,053.43 (US$962.12) per metric ton for September. The August reference price was RM3,864.12 a ton, and incurred a duty of 9 per cent. The export tax structure starts at 3 per cent for crude palm oil in a RM2,250 to RM2,400 per-ton range. The maximum tax rate is set at 10 per cent when prices exceed RM4,050 a ton.
The Star
6 days ago
- Business
- The Star
Malaysia raises Sept crude palm oil reference price, lifting duty to 10%
KUALA LUMPUR: Malaysia has raised its September crude palm oil reference price, a change that increases the export duty rate to 10%, a circular on the Malaysian Palm Oil Board website showed on Thursday. 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
