KUALA LUMPUR: Crude palm oil (CPO) tax for May has been raised to 5% from 0% currently.
An emailed Customs Department statement on Friday the gazetted price for crude palm oil was RM2,409.66 a tonne, according to Bloomberg.
The tax had been kept at 0% since Jan 8 to April 30.
At 4pm, CPO for 3 month delivery was down RM3 to RM2,420 per tonne.
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