AreaMalaysia

Commodity GroupOilseeds, oils and meals

CommodityPalm oil

Date23/07/2023

Policy CategoryTrade

Policy InstrumentExport policy

DescriptionMaintained its CPO export rate for August 2023 at the maximum level of 8 percent, while raising its reference price from MYR 3 604.73 (USD 796.2) per tonne to MYR 3 614.28 (USD 798.3) per tonne, resulting in an increase of payable export duty to MYR 289.14 (USD 63.9) per tonne in August from MYR 288.38 (USD 62.4) per tonne in July.