AreaMalaysia

Commodity GroupOilseeds, oils and meals

CommodityPalm oil

Date01/09/2018

Policy CategoryTrade

Policy InstrumentExport policy

DescriptionDecided to suspend the country\'s export tax on crude palm oil, in a bid to stimulate exports and prevent further rises in domestic inventories. The tax suspension would remain in place until May 2019.

NotesFollowing fresh drops in the reference market price for palm oil, Malaysia decided to keep its export tax on the commodity at zero until May 2019.