# BERNAMA - Budget 2025 Adjustments In Export Tax  Seen Helping Palm Oil Refining Industry Be More Competitive

> Malaysia's Budget 2025 revised its crude palm oil export duty schedule, with rates from 8.5 percent to 10 percent for prices above RM3,600 per tonne, effective November 1, 2024. Glenauk Economics said the change would make Malaysian refining more competitive against Indonesia, but would not help the oleochemicals sector, which faces Indonesian competition. The government said the move aims to secure domestic supply and boost downstream processing.

- Date: 2024-10-21 · published 2024-10-21T12:00:00.000Z
- Category: policy · region Malaysia · magnitude high
- Page: https://feedsoft.ai/events/15611-bernama-budget-2025-adjustments-in-export-tax-seen-helping-palm-oil-refining
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher export duties reduce the volume of Malaysian crude palm oil available for export, which tends to lift Malaysian domestic supply and weigh on the international price. The shift toward refined and downstream products changes how palm oil moves into world markets.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-01-22 | [Palm Oil News - Indonesia Delays B50 Plan, Malaysia Seen More Competitive in CPO Exports](https://feedsoft.ai/events/15502-palm-oil-news-indonesia-delays-b50-plan-malaysia-seen-more-competitive-in-cpo.md) | +1.5% | +4.4% |
| PALMOIL | 2024-11-22 | [Indonesia Cuts Palm Oil Levy to Be Competitive, Boost Exports](https://feedsoft.ai/events/15606-indonesia-cuts-palm-oil-levy-to-be-competitive-boost-exports.md) | +0.2% | -3.7% |
| PALMOIL | 2024-09-19 | [Indonesia cuts palm oil levy to be competitive, boost exports \| FMT](https://feedsoft.ai/events/15622-indonesia-cuts-palm-oil-levy-to-be-competitive-boost-exports-fmt.md) | +2.4% | +11.3% |
| PALMOIL | 2018-11-27 | [Government Supports Palm Oil Industry by Temporarily Removing Palm Oil Export Levy \| Indonesia Investments](https://feedsoft.ai/events/61914-government-supports-palm-oil-industry-by-temporarily-removing-palm-oil-export.md) | -1.1% | +2.6% |
| PALMOIL | 2025-12-02 | [Palm Oil Magazine - Indonesia Cuts December CPO Reference Price by 3.9%, Adjusts Export Tax and Levy - Palm Oil Magazine](https://feedsoft.ai/events/15509-palm-oil-magazine-indonesia-cuts-december-cpo-reference-price-by-3-9-adjusts.md) | +0.8% | -0.2% |

## Sources

- bernama.com: https://bernama.com/en/news.php?id=2354354

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