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Malaysia keeps Oct crude palm oil export duty at 8%

Malaysia keeps Oct crude palm oil export duty at 8%

An Indonesian migrant worker, Ari Rohman, pushes a cart as he collects bunches of palm oil fresh fruit during harvest at a plantation in Banting, Selangor, Malaysia on Jun 10, 2022. (File photo: Reuters/Hasnoor Hussain)

KUALA LUMPUR: Malaysia has maintained its October export tax for crude palm oil at 8 per cent and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Thursday (Sep 15).

The world's second largest palm exporter calculated a reference price of 4,033.51 ringgit (US$890) per tonne for October. The September reference price was 3,907.51 ringgit (US$862.20) a tonne.

Source: Reuters/st

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