AreaMalaysia

Commodity GroupOilseeds, oils and meals

CommodityPalm oil

Date23/06/2023

Policy CategoryTrade

Policy InstrumentExport policy

DescriptionMaintained its CPO export rate for July 2023 at the maximum level of 8 percent, while lowering its reference price from MYR 4 144.31 (USD 925.3) per tonne to MYR 3 604.73 (USD 780.0) per tonne, effectively lowering the payable export duty to MYR 288.38 (USD 62.4) per tonne.