BR100 Increased By (0.28%)
BR30 Increased By (0.98%)
KSE100 Increased By (0.07%)
KSE30 Decreased By (-0.15%)
BECO 5.67 Decreased By ▼ -0.04 (-0.7%)
BML 59.70 Increased By ▲ 0.99 (1.69%)
BOP 36.03 Decreased By ▼ -0.35 (-0.96%)
CNERGY 8.53 Increased By ▲ 0.20 (2.4%)
DCL 11.63 Decreased By ▼ -0.23 (-1.94%)
FCCL 58.35 Increased By ▲ 0.84 (1.46%)
FCSC 5.36 Decreased By ▼ -0.06 (-1.11%)
FFL 18.37 Increased By ▲ 0.31 (1.72%)
FNEL 1.32 Decreased By ▼ -0.02 (-1.49%)
HUMNL 11.55 Decreased By ▼ -0.12 (-1.03%)
KEL 8.27 Increased By ▲ 0.13 (1.6%)
KOSM 6.56 Increased By ▲ 0.50 (8.25%)
MLCF 97.85 Increased By ▲ 0.18 (0.18%)
NBP 205.10 Decreased By ▼ -1.51 (-0.73%)
PACE 11.69 Decreased By ▼ -0.07 (-0.6%)
PAEL 42.98 Decreased By ▼ -0.58 (-1.33%)
PIAHCLA 27.40 Decreased By ▼ -0.55 (-1.97%)
PIBTL 18.30 Decreased By ▼ -0.05 (-0.27%)
PPL 243.56 Increased By ▲ 4.67 (1.95%)
PRL 37.30 Increased By ▲ 1.03 (2.84%)
PTC 67.49 Decreased By ▼ -0.50 (-0.74%)
SEARL 96.20 Decreased By ▼ -1.80 (-1.84%)
SSGC 31.19 Increased By ▲ 0.76 (2.5%)
TELE 9.53 Decreased By ▼ -0.01 (-0.1%)
THCCL 68.35 Decreased By ▼ -0.34 (-0.49%)
TPLP 11.19 Decreased By ▼ -0.08 (-0.71%)
TREET 26.75 Increased By ▲ 0.50 (1.9%)
TRG 70.11 Decreased By ▼ -0.31 (-0.44%)
WAVES 11.25 Decreased By ▼ -0.15 (-1.32%)
WTL 1.29 No Change ▼ 0.00 (0%)
اردو
Android App
Print Edition Dollar to PKR
Budget 2026-27 Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices
Markets

Malaysia keeps June crude palm oil export duty at 8%

Published May 16, 2024 Updated May 16, 2024 12:14pm
Save
1 min
comment
By Reuters
Add BRecorder as a trusted
source on Google
Google Preferred Source

KUALA LUMPUR: Malaysia has maintained its June export tax for crude palm oil at 8% and lowered its reference price, a circular on the Malaysian Palm Oil Board website showed on Thursday.

The world’s second largest palm exporter calculated a reference price of 3,956.06 ringgit ($845.13) per metric ton for June. May’s reference price was 4,273.93 ringgit a ton.

Malaysian palm oil futures lower

The export tax structure starts at 3% for crude palm oil in a 2,250 to 2,400 ringgit-per-ton range.

The maximum tax rate is set at 8% when prices exceed 3,450 ringgit a ton.

Palm Oil

Comments

Comments are closed for this article.

More Stories

Browse all stories