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Malaysia maintains October crude palm oil export duty at 8 pct

KUALA LUMPUR, Sept. 19 (Xinhua) — Malaysia, the world’s second-largest palm oil producer, on Tuesday maintained its crude palm oil export duty at 8 percent.

According to a Malaysian Palm Oil Board (MPOB) circular, the crude palm oil (CPO) reference price for October has been lowered to 3,710.50 ringgit (790.14 U.S. dollars) from 3,755.13 ringgit in September.

Based on the tax structure, no export duty wi