Malaysia keeps October crude palm oil export duty at 8%


Worker harvesting fresh fruit bunches in an oil palm oil plantation in Kampung Kuala Tasek in Bukit Mertajam. —ZHAFARAN NASIB/The Star

KUALA LUMPUR: Malaysia has maintained its October export tax for crude palm oil at 8% and lowered its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.

The world's second-largest palm exporter calculated a reference price of RM3,839.10 per metric ton for October. September's reference price was RM3,915.19 a ton.

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CPO , export , tax , crude palm oil , MPOB

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