Malaysia, the world's No.2 palm oil producer, has set its crude palm oil export tax for December at 5.0 per cent, a government circular showed on Friday — the first hike after nine months.
The rate had been left unchanged at 4.5 per cent since March.
The Southeast Asian country calculated a reference price of RM2,452.43 per tonne for crude palm oil for December, effectively raising the export duty to 5.0 per cent.
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