Singapore — The Malaysian government has lowered the tax on crude palm oil exports in April to 5% from 6% in March. This move came after the reference price for Malaysian palm oil in April was calculated at MR 2,631.07/mt, down from MR 2,982/63/mt for March. The export tax of 5% applies to a CPO price range of MR 2,551-2,700/mt, while 6% is applicable on a price range of MR 2,851-3,000/mt.
