AreaMalaysia

Commodity GroupOilseeds, oils and meals

CommodityPalm oil

Date23/04/2024

Policy CategoryTrade

Policy InstrumentExport policy

DescriptionIncreased the crude palm oil reference price for May 2024 to MYR 4 273.9 (USD 896.6) per tonne from MYR 3 958.6 (USD 830.4) per tonne, maintaining the export tax rate at 8 percent but effectively raising the payable export duty to MYR 341.91 (USD 71.7) per tonne.

NotesExchange rate as of 15 April 2024.