Malaysia keeps May Crude Palm Oil export duty at zero percent
Commodity Online | April 18 2019
UPDATED 09:42:06 IST

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Malaysia kept its export duty on crude palm oil for May at 0%, according to a circular on the Malaysian Palm Oil Board's website on Wednesday that cited the national customs department.

The duty has been at 0% since September.

Malaysia, the world's second-largest producer of palm oil, calculated a palm oil reference price of RM1,981.03 (US$479.32) per tonne for May. Any price above RM2,250 incurs a duty.

Palm oil exports from Malaysia during April 1-15 recorded at 686,760 tonnes versus 676,553 tonnes in the corresponding period a month earlier, according to data compiled by Amspec Malaysia.

 



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