AreaMalaysia

Commodity GroupOilseeds, oils and meals

CommodityPalm oil

Date23/09/2023

Policy CategoryTrade

Policy InstrumentExport policy

DescriptionMaintained its CPO export rate for October 2023 at the maximum level of 8 percent, while lowering its reference price from MYR 3 755.13 (USD 813.0) per tonne to MYR 3 710.50 (USD 792.5) per tonne, resulting in a decrease of payable export duty to MYR 296.84 (USD 63.4) per tonne in October from MYR 300.41 (USD 65.0) per tonne in September.