Amadeusz Juskowiak

Malaysia raises duty on processed palm oil

The government said it raised the export duty on processed palm oil PPO to 6406 ringgit per tonne from 4096 ringgit effective from March 1

Export duty on crude palm oil CPO was unchanged at 1606 ringgit per tonne

The gazetted price of PPO rose to 7968604 ringgit per tonne from 7198286 That of CPO remained at 6178238 ringgit

The export duty and gazetted price of palm kernel were left unchanged at 19115 and 95575 ringgit per tonne respectively