KUALA LUMPUR, Oct. 14 (Xinhua) — Malaysia, the world’s second largest palm oil producer, has kept its November crude palm oil (CPO) export duty at 8 percent, a circular of Malaysian Palm Oil Board showed Friday.
The palm oil reference price for November, however, was lowered to 3,575.80 ringgit (760 U.S. dollars) per tonne from 4,033.51 ringgit (858 U.S. dollars) per tonne in October.
Based on the tax st