Malaysia, which is the world’s second largest palm oil producer and exporter, calculated a reference price of RM4,331.48 per tonne for April. — Picture by Shafwan ZaidonKUALA LUMPUR, March 17 — Malaysia is maintaining the export tax for crude palm oil at eight per cent for April 2021.
Malaysia, which is the world’s second largest palm oil producer and exporter, calculated a reference price of RM4,331.48 per tonne for April. The rate would be effective from April 1 to 30, 2021, which is a continuation of the export tax rate since January 2021. At the close on Tuesday, the CPO futures contract for April 2021 decreased RM81 to RM4,170 per tonne, May 2021 eased RM129 to RM4,009 per tonne, June 2021 declined RM123 to RM3,897 per tonne, and July 2021 dipped RM116 to RM3,790 per tonne.
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