AreaMalaysia

Commodity GroupOilseeds, oils and meals

CommodityPalm oil

Date01/12/2019

Policy CategoryTrade

Policy InstrumentExport taxation

DescriptionReactivated – 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.

NotesMALAYSIA – 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).