April crude palm oil export duty remains at 8%

Bernama reported that the oil palm Electronic Fresh Fruit Bunches (EFFB) initiative, a pilot online system to tackle the issue of fruit theft and weighing, would be improved before being expanded nationwide

PETALING JAYA: The April export tax for crude palm oil (CPO) has been kept at 8%, according to a circular on the Malaysian Palm Oil Board (MPOB) website.

Malaysia, the world’s second-largest palm exporter, calculated a reference price of RM5,925.33 per tonne for April.