AreaMalaysia

Commodity GroupOilseeds, oils and meals

CommodityPalm oil

Date12/06/2024

Policy CategoryTrade

Policy InstrumentExport policy

DescriptionDecreased the crude palm oil reference price for July 2024 to MYR 3 839.6 (USD 813.5) from 3 956 (USD 838.2) per tonne, maintaining the export tax rate at 8 percent but lowering the payable export duty to MYR 307.2 (USD 65.1) per tonne.

NotesExchange rate as of 15 June 2024.