Price for crude palm oil (CPO) has been gazetted at RM3,575.80 a ton, which incurs the maximum export tax of 8%, according to a statement from the customs department posted on the Malaysian Palm Oil Board’s website.
The CPO export tax has been kept at 8% since January 2021.
Bloomberg cited Malaysia’s CPO export duty structure starts at 3% when free-on-board prices for CPO are in the RM2,250-RM2,400 per ton range.
