Core Viewpoint - Malaysia has increased the reference price for crude palm oil in August to 3,864.12 MYR per ton, leading to an increase in export tax from 8.5% to 9% [1] Group 1: Price Changes - The reference price for crude palm oil in August is set at 3,864.12 MYR per ton, which is a significant increase from July's price of 3,730.48 MYR per ton [1] - This price increase reflects a notable upward trend in the palm oil market [1] Group 2: Export Tax Implications - The increase in the reference price results in the export tax rising from 8.5% in July to 9% in August [1] - Malaysia employs a tiered export tax system, where the tax rate is 3% when palm oil prices are between 2,250 and 2,400 MYR per ton, and a maximum tax rate of 10% is triggered when prices exceed 4,050 MYR per ton [1]

Group 1 - The Malaysian Palm Oil Board (MPOB) has reduced the export tax for crude palm oil in June to 9.5%, down from the previous rate of 10% [1]