AreaMalaysia

Commodity GroupOilseeds, oils and meals

CommodityPalm oil

Date01/12/2023

Policy CategoryTrade

Policy InstrumentExport policy

DescriptionRaised the crude palm oil reference price for January 2024 to MYR 3 679.5 (USD 786.8) per tonne from MYR 3 589.1 (USD 767.5) per tonne in December 2023. The export duty rate for crude palm oil remains unchanged at 8 percent, while the payable export duty rises to MYR 294.7 (USD 62.9) per tonne.