Malaysia lowers CPO reference price for July; payable export duty falls to 307.17 ringgit per tonne

Malaysia has set its crude palm oil (CPO) reference price for July at 3,839.63 ($813) ringgit per tonne, down from the 3,956.06 ringgit per tonne for June, according to a circular released by the Malaysian Palm Oil Board (MPOB) on Wednesday June 12.