Commodity News
SunSirs: Malaysia Lowers Palm Oil Reference Price by nearly 9% in March, 2025
February 21 2025 10:43:33 SunSirs (Selena)
The customs notice released on the website of the Malaysian Palm Oil Board (MPOB) stated that Malaysia has set the export tax on crude palm oil at 10% in March, which is the same as in February.
The reference price for crude palm oil in March was set at 4,390.37 ringgit/ton (988.38 US dollars), higher than the reference price of 4,817.70 ringgit/ton (1,69.89 US dollars, at which time the exchange rate was 1 US dollar to 4.503 ringgit) in February. This means that the palm oil export tax levied in March was $98.8 per ton, a decrease of 7.6% from $107 in January.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
Related Information
- 2025-02-20 SunSirs: Long and Short Intertwined, China Palm Oil Market Oscillates and Oises
- 2025-02-19 SunSirs: MPOC Predicts Tight Palm Oil Storage in Malaysia in February
- 2025-02-13 SunSirs: External Market Gains, China Palm Oil Market Continues to Rise
- 2025-02-12 SunSirs: Multiple Bullish Supports, China Palm Oil Market Surges after the Spring Festival
- 2025-02-11 SunSirs: MPOB Reports that Palm Oil Inventories in Malaysia Reached 1.58 Million Tons at the End of January 2025
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