The world's second-largest palm exporter calculated a reference price of 3,657.67 ringgit per tonne for February.

The export tax starts at 3% for crude palm oil in the range of 2,250 ringgit to 2,400 ringgit per tonne, rising to a maximum of 8% when prices exceed 3,450 ringgit a tonne.

(Reporting by Mei Mei Chu; Editing by Clarence Fernandez)