In Indonesia and Malaysia, the world’s main palm oil producers, taxes on palm oil exports are set on a monthly basis. Following the recent decline in international palm oil prices, Indonesia has set the tax on crude palm oil exports at 9 percent this month, compared to 10.5 percent in August. The tax has been lowered gradually since April, when it stood at 13.5 percent. In Malaysia, the Government announced in early September the tax exemption of palm oil exports for the next two months to increase exports. Before the announcement, the tax had been set at 4.5 percent for September, down from 5 percent in August and 5.5 percent since April.