KUALA LUMPUR (Dec 20): Malaysia, the world's second-biggest palm oil maker after Indonesia, will raise its unrefined palm send out assessment to 7% in January, up from 6% in December, as indicated by a roundabout on the Malaysian Palm Oil Board site on Tuesday.
The Southeast Asian country ascertained a palm oil reference cost of RM3,119.48 (US$696.62) per ton for January. A cost above RM2,250 causes a duty, which begins from 4.5% and can achieve a most extreme of 8.5%.
Malaysia a month ago brought down December's expense to 6%, down from 6.5% in November.
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