AreaMalaysia

Commodity GroupOilseeds, oils and meals

CommodityPalm oil

Date16/05/2024

Policy CategoryTrade

Policy InstrumentExport policy

DescriptionDecreased the crude palm oil reference price for June 2024 to MYR 3 956.1 (USD 839.0) per tonne from MYR 4 273.9 (USD 906.4) per tonne, maintaining the export tax rate at 8 percent but lowering the payable export duty to MYR 316.5 (USD 67.1) per tonne.

NotesExchange rate as of 15 May 2024.