Malaysia raises October palm oil reference price, keeps export duty at 10%

KUALA LUMPUR: Malaysia has raised its October crude palm oil reference price to a level that maintains the export duty range at 10%, a statement by the Malaysian Palm Oil Board showed on Friday.

The world's second largest palm exporter calculated a reference price of RM4268.68 per metric ton for October. The September reference price was RM4,053.43 a ton, and incurred a duty of 10%.