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

The world’s second-largest palm exporter calculated a reference price of 3,847.24 ringgit ($866.50) per tonne for December.

Palm hits 18-day closing high on stronger rival oils, crude

The November reference price was 3,575.80 ringgit a tonne.