Malaysia sets CPO export duty of 6% for February


KUALA LUMPUR (Bernama) -- Malaysia will impose a six per cent export tax on crude palm oil (CPO) for February 2020, the Malaysian Palm Oil Board (MPOB) said.

The palm oil reference price is calculated at RM2,907.63 per tonne effective next month, it said on its website, adding that no tax would be imposed on CPO priced below RM2,250 per tonne.

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