Advertisement
Canada markets closed

  • S&P/TSX

    21,708.44
    +52.39 (+0.24%)
     

  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • CAD/USD

    0.7252
    -0.0012 (-0.16%)
     

  • CRUDE OIL

    85.50
    +2.77 (+3.35%)
     

  • Bitcoin CAD

    85,320.83
    -268.88 (-0.31%)
     

  • CMC Crypto 200

    1,266.87
    +381.33 (+41.00%)
     

  • GOLD FUTURES

    2,412.50
    +14.50 (+0.60%)
     

  • RUSSELL 2000

    1,942.96
    -4.99 (-0.26%)
     

  • 10-Yr Bond

    4.6470
    +0.0620 (+1.35%)
     

  • NASDAQ futures

    17,297.50
    -249.75 (-1.42%)
     

  • VOLATILITY

    18.00
    -0.21 (-1.15%)
     

  • FTSE

    7,877.05
    +29.06 (+0.37%)
     

  • NIKKEI 225

    36,818.81
    -1,260.89 (-3.31%)
     

  • CAD/EUR

    0.6823
    +0.0002 (+0.03%)
     

Malaysia cuts September crude palm oil export tax to 4.5 pct

Reuters

KUALA LUMPUR, Aug 15 (Reuters) - Malaysia, the second-largest palm grower, lowered its crude palm oil export tax for September to 4.5 percent, a government circular showed on Friday, the first cut in two months.

The rate had been lowered to 5.0 percent in July and that rate was maintained in August. Prior to that it had been unchanged at 5.5 percent since April.

The Southeast Asian country calculated a reference price of 2,348.80 ringgit ($745) per tonne for September crude palm oil, effectively reducing the export duty to 4.5 percent. ($1 = 3.154 Malaysian ringgit) (Reporting by Anuradha Raghu; Editing by Tom Hogue)