# Palm Oil Magazine - Malaysia Keeps CPO Export Tax at 10% for May, Lowers Reference Price - Palm Oil Magazine

> Malaysia kept its crude palm oil export tax at 10% for May 2025 while lowering the monthly reference price to RM4,449.35 per ton from RM4,547.79 in April. The tax remains at the maximum rate because the reference price stays above the RM4,050 threshold.

- Date: 2025-04-25 · published 2025-04-25T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/15567-palm-oil-magazine-malaysia-keeps-cpo-export-tax-at-10-for-may-lowers-reference
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

An unchanged maximum tax keeps Malaysian export costs high, while the lower reference price reflects softer CPO international prices, a mildly bearish signal for palm oil.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-05-18 | [Malaysia Keeps June Crude Palm Oil Export Duty At 8%, Raise Reference Price](https://feedsoft.ai/events/15730-malaysia-keeps-june-crude-palm-oil-export-duty-at-8-raise-reference-price.md) | -0.8% | -5.0% |
| PALMOIL | 2024-08-06 | [Palm Oil Magazine - CPO Reference Price Rises to US$ 820.11/MT; Out Fee and Export Levy Set at US$ 118/Ton for August 2024 - Palm Oil Magazine](https://feedsoft.ai/events/15625-palm-oil-magazine-cpo-reference-price-rises-to-us-820-11-mt-out-fee-and-export.md) | -2.2% | +5.0% |
| PALMOIL | 2025-02-01 | [Palm Oil Magazine - Indonesia's CPO Reference Price in February 2025 Decreases, Export Duty and Levy Set at US$ 195.66 per Ton - Palm Oil Magazine](https://feedsoft.ai/events/15584-palm-oil-magazine-indonesia-s-cpo-reference-price-in-february-2025-decreases.md) | +3.6% | +3.5% |
| PALMOIL | 2017-08-16 | [Malaysia to keep September crude palm oil export tax at 5.5pc \| Malay Mail](https://feedsoft.ai/events/69313-malaysia-to-keep-september-crude-palm-oil-export-tax-at-5-5pc-malay-mail.md) | +1.6% | +10.0% |
| PALMOIL | 2021-05-19 | [Malaysia keeps CPO export duty unchanged but raises reference prices - Fastmarkets](https://feedsoft.ai/events/46978-malaysia-keeps-cpo-export-duty-unchanged-but-raises-reference-prices-fastmarkets.md) | -4.3% | -16.7% |

## Sources

- palmoilmagazine.com: https://www.palmoilmagazine.com/market/2025/04/25/malaysia-keeps-cpo-export-tax-at-10-for-may-lowers-reference-price/

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