Malaysia raises December crude palm oil export duty to 10%

KUALA LUMPUR: Malaysia has raised its December export tax for crude palm oil to 10% from 8% and increased 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 4,471.39 ringgit ($1,001.

21) per metric ton for December. The November reference price was 3,949.73 ringgit a ton.



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