Area
Malaysia
Commodity Group
Oilseeds, oils and meals
Commodity
Palm oil
Date
01/12/2019
Policy Category
Trade
Policy Instrument
Export taxation
Description
Reactivated following improvements in market prices the country\'s variable export tax on foreign palm oil sales. The export duty had remained suspended since August 2018, reflecting depressed market prices.
Notes
MALAYSIA palm oil export tax: Suspended since August 2018 due to declining prices, the tax on crude palm oil exports was eventually re-activated on 1 January 2020. With the palm oil reference price bouncing up to MYR 2 571 (USD 631) per tonne, exports will be taxed at 5%, in line with the recently revised tax scale (see MPPU Nov.19).
