AreaMalaysia

Commodity GroupOilseeds, oils and meals

CommodityPalm oil

Date18/07/2024

Policy CategoryTrade

Policy InstrumentExport policy

DescriptionIncreased the crude palm oil reference price for August 2024 to MYR 3 880.9 (USD 831.2) from 3 839.6 (USD 822.4) per tonne, maintaining the export tax rate at 8 percent but increasing the payable export duty to MYR 310 (USD 66.4) from MYR 307.2 (USD 65.8) per tonne.

NotesExchange rate as of 15 July 2024.