# Malaysia raises tax on palm oil for March shipments – Customs Today Newspaper

> Malaysia raised its crude palm oil export tax for March 2017 to 8.0% a ton from 7.5% in February. The benchmark May futures fell to a two-month low of 2,861 ringgit on concerns that the higher levy will hurt overseas demand.

- Date: 2017-02-18 · published 2017-02-18T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/11858-malaysia-raises-tax-on-palm-oil-for-march-shipments-customs-today-newspaper
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A higher export levy raises the cost of Malaysian palm oil abroad and can reduce export demand, adding to bearish pressure on palm prices. The increase is modest, though, and analysts expect limited earnings impact.

## Read by commodity

- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2017-02-16 | 1 | -2.3% | -3.1 | The export tax increase for March (8.0% from 7.5%) hurts overseas demand and was cited for the drop to a two-month low, which is a plausible contributor, but the article is dated 18 Feb and the tax timing is uncertain. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-12-03 | [Divided over Indonesian removal of levy on palm oil exports – Customs Today Newspaper](https://feedsoft.ai/events/61469-divided-over-indonesian-removal-of-levy-on-palm-oil-exports-customs-today.md) | +0.3% | +7.6% |
| PALMOIL | 2017-10-12 | [Malaysia Raises Palm Oil Export Tax To 6.5% For November From 6.0% In October - Nikkei Asia](https://feedsoft.ai/events/68335-malaysia-raises-palm-oil-export-tax-to-6-5-for-november-from-6-0-in-october.md) | +0.9% | +4.1% |
| PALMOIL | 2018-10-17 | [The EU’s risky move on palm oil - Punch Newspapers](https://feedsoft.ai/events/62553-the-eu-s-risky-move-on-palm-oil-punch-newspapers.md) | -0.5% | -8.9% |
| PALMOIL | 2025-02-24 | [Malaysia rules out raising palm oil's biodiesel blend to 20%](https://feedsoft.ai/events/15583-malaysia-rules-out-raising-palm-oil-s-biodiesel-blend-to-20.md) | -0.7% | -2.4% |
| PALMOIL | 2019-11-19 | [Malaysia to levy additional 1-ringgit tax on palm oil next year - Nikkei Asia](https://feedsoft.ai/events/55945-malaysia-to-levy-additional-1-ringgit-tax-on-palm-oil-next-year-nikkei-asia.md) | +1.7% | +10.8% |

## Sources

- customstoday.media: https://customstoday.media/malaysia-raises-tax-on-palm-oil-for-march-shipments/

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