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Malaysia maintains CPO export tax at 8 pct, raises reference price

KUALA LUMPUR, March 23 (Xinhua) — Malaysia, the world’s second-largest palm oil producer, has maintained its crude palm oil (CPO) export tax at 8 percent.

The country has also raised its CPO reference price to 4,031.45 ringgit (912 U.S. dollars) in April, from 3,710.35 ringgit in March, a circular on the Malaysian Palm Oil Board website showed on Thurday.

Based on the tax structure, no export duty will b