Malaysia cuts June CPO reference price; lowers payable export duty
Malaysia, the world’s second largest producer of palm oil, has lowered its crude palm oil (CPO) reference price for June to 3,956.06 ringgit ($835) per tonne from 4,273.93 ringgit per tonne in May, according to a circular issued by the Malaysian Palm Oil Board (MPOB) on Thursday May 16.
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