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Judul : Malaysia lowers June crude palm oil export tax to 6 pct - govt circular
link : Malaysia lowers June crude palm oil export tax to 6 pct - govt circular
Malaysia lowers June crude palm oil export tax to 6 pct - govt circular
KUALA LUMPUR (May 19): Malaysia, the world's second-largest palm oil producer after Indonesia, will lower its crude palm export tax for a third consecutive month to 6 percent in June, down from 7 percent in May, according to a circular from the Malaysian Palm Oil Board on Friday.
The Southeast Asian nation calculated a palm oil reference price of 2,844.79 ringgit ($657.53) per tonne for June. A price above 2,250 ringgit incurs a tax, which starts from 4.5 percent and can reach a maximum of 8.5 percent.
Malaysia had lowered the tax in May, down from 7.5 percent in April.
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