AreaMalaysia

Commodity GroupOilseeds, oils and meals

CommodityPalm oil

Date01/01/2024

Policy CategoryTrade

Policy InstrumentExport policy

DescriptionLowered the crude palm oil reference price for February 2024 to MYR 3 571.4 (USD 768.5) per tonnes from MYR 3 679.5 (USD 791.8) per tonne in January 2024, keeping the export duty rate for crude palm oil unchanged at 8 percent, but lowering the payable export tax to MYR 285.7 (USD 61.5) per tonne.