AreaMalaysia

Commodity GroupOilseeds, oils and meals

CommodityPalm oil

Date23/08/2023

Policy CategoryTrade

Policy InstrumentExport policy

DescriptionMaintained its CPO export rate for September 2023 at the maximum level of 8 percent, while raising its reference price from MYR 3 614.28 (USD 798.3) per tonne to MYR 3 755.13 (USD 813.0) per tonne, resulting in an increase of payable export duty to MYR 300.41 (USD 65.0) per tonne in September from MYR 289.14 (USD 63.9) per tonne in August.