Malaysia Keeps Crude Palm Oil Export Tax at 9% for March

The gazetted price for crude palm oil was set at 3,896.09 ringgit a ton, which incurs an export tax of 9%, according to a circular from the customs department posted on the Malaysian Palm Oil Board’s website.

• That’s steady with the tax rate for February
• NOTE: The country’s export-duty structure starts at 3%, when FOB prices for CPO are in a range of 2,250-2,400 ringgit/ton, to a maximum rate of 10%, which occurs when prices are above 4,050 ringgit/ton

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Megan Durisin in Singapore at mdurisin1@bloomberg.net

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