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
- 2025-04-28 SunSirs: Exploring China Weak Palm Oil Market in April
- 2025-04-27 SunSirs: Malaysian Palm Oil Production Increased nearly 20% Month on Month from April 1 to 20
- 2025-04-27 SunSirs: Combination of Long and Short Positions, China Palm Oil Market Oscillates and Falls
- 2025-04-25 SunSirs: The Actual Shipment of Palm Oil Imports was 92,700 Tons in China in the First Half of April 2025
- 2025-04-23 SunSirs: Palm Oil Demand in China and India may Increase in the Coming Months
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