Malaysia to keep its palm oil export duty rate unchanged in September


Malaysia, the world’s second palm oil producer after Indonesia (in physical terms), will keep the export duty rate unchanged at 5.5% in September, Reuters news agency reports.

The rate was reduced from 6.5% to 5.5% in August. In September, the calculated benchmark price of Malaysian palm oil will be MYR 2677.91 ($623.57)/MT.

Further prospects of the oilseeds/vegoils market in the Black Sea region countries will be discussed at the V International Conference “Black Sea Oil Trade”, which will take place on September 19, 2017 in Hilton hotel, Kiev, Ukraine.

Annual International Conference “Black Sea Oil Trade” – is an effective platform, providing oilseed industry operators with vast networking opportunities, exclusive analytics of Ukrainian and Black Sea agri market, insights for development of the long term business strategies.

Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegetable oils, agriholdings, investment companies, banks, legal, shipping, brokerage, insurance, surveyor companies etc.

Early Bird registration rate is available! Market operators from 20 countries have already registered to take part. 

Follow the updates, Agenda and Speakers at the conference website.




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