Malaysia continues October crude palm oil export obligation at 0 percentage

Malaysia continues October crude palm oil export obligation at 0 percentage

by admin- Monday, September 23rd, 2019 08:04:17 PM

Malaysia saved its export obligation on crude palm oil for October unchanged at zero consistent with cent, in keeping with a circular on the Malaysian Palm Oil Board’s internet site this week, bringing up the national customs branch.

The obligation has been at zero consistent with cent considering that September 2018.

Malaysia, the world’s 2nd-biggest manufacturer of palm oil, calculated a palm oil reference fee of two,one hundred forty five.75 ringgit (S$706.43) consistent with tonne for October. Any rate above 2,250 ringgit incurs a obligation.

The South-east Asian us of a stated in May it would defer the imposition of export duties on crude palm oil to Dec 31 in efforts to reinforce palm oil exports and enlarge into new markets.

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