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Commodities

Malaysia keeps December crude palm oil export duty at 8%

FILE PHOTO: A man unloads the fresh fruit bunches from his car boot at a palm oil fruit collection centre for smallholders in Banting, Selangor, Malaysia, June 10, 2022. Picture taken June 10, 2022. REUTERS/Hasnoor Hussain

KUALA LUMPUR (Reuters) - Malaysia has maintained its December export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Wednesday.

The world’s second-largest palm exporter calculated a reference price of 3,847.24 ringgit ($866.50) per tonne for December.

The November reference price was 3,575.80 ringgit a tonne.

($1 = 4.4400 ringgit)

Reporting by Mei Mei Chu

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