Friday, February 15, 2013

RTRS - Malaysia sets March crude palm oil export tax at 4.5 percent


KUALA LUMPUR, Feb 15 (Reuters) - Malaysia, the world's No.2 palm oil producer, will set its crude palm oil export tax for March at 4.5 percent, up from February's zero percent, a government circular showed on Friday.

The Southeast Asian country calculated a reference price of 2,306.11 ringgit per tonne for crude palm oil for March, effectively lifting the export duty for the grade.