# Shahrir: Palm oil export duty only frozen to raise prices | Malay Mail

> Malaysia's government suspended palm oil export duties from January 8 to April 7, 2018, to halt a falling palm oil price. The exemption would end early if palm oil stockpiles fell to 1.6 million tonnes. Felda chairman Shahrir Samad said the move was to stabilise market prices and that a protest petition against an EU palm oil import ban would proceed.

- Date: 2018-01-07 · published 2018-01-07T12:00:00.000Z
- Category: policy · region Malaysia · magnitude high
- Page: https://feedsoft.ai/events/10986-shahrir-palm-oil-export-duty-only-frozen-to-raise-prices-malay-mail
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Suspending the export duty lowers the cost of exporting palm oil and is intended to draw down stocks, which supports Malaysian palm oil prices. The early-exit trigger ties the policy directly to inventory levels.

## Read by commodity

- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2018-01-08 | 5 | +6.7% | 3.3 | The government's export duty suspension from Jan 8 to Apr 7, aimed at halting falling prices, supports prices through a policy-driven demand and sentiment boost. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-08-14 | [Malaysia Raises Sept Crude Palm Oil Reference Price, Lifting Duty to 10% – MPOC](https://feedsoft.ai/events/15538-malaysia-raises-sept-crude-palm-oil-reference-price-lifting-duty-to-10-mpoc.md) | +0.4% | +1.9% |
| PALMOIL | 2024-04-23 | [Malaysia kept export duty on crude palm oil at 8% in May](https://feedsoft.ai/events/15652-malaysia-kept-export-duty-on-crude-palm-oil-at-8-in-may.md) | -0.1% | -4.7% |
| PALMOIL | 2023-03-23 | [Malaysia keeps April crude palm oil export duty at 8%](https://feedsoft.ai/events/15749-malaysia-keeps-april-crude-palm-oil-export-duty-at-8.md) | +0.2% | -2.7% |
| PALMOIL | 2025-09-19 | [Malaysia raises October palm oil reference price, keeps export duty at 10% - Markets - Business Recorder](https://feedsoft.ai/events/15535-malaysia-raises-october-palm-oil-reference-price-keeps-export-duty-at-10.md) | -0.3% | +0.9% |
| PALMOIL | 2026-02-01 | [Palm Oil Magazine - Indonesia Raises February CPO Reference Price, Export Duty and Levy Increase - Palm Oil Magazine](https://feedsoft.ai/events/15492-palm-oil-magazine-indonesia-raises-february-cpo-reference-price-export-duty-and.md) | +3.3% | +4.0% |

## Sources

- malaymail.com: https://www.malaymail.com/news/malaysia/2018/01/07/shahrir-palm-oil-export-duty-only-frozen-to-raise-prices/1548189

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.