# Malaysia keeps September crude palm oil export duty at 8%

> Malaysia kept its crude palm oil export duty at 8% for September 2024 and raised the reference price to 3,915.19 ringgit ($896.75) per metric ton from August's 3,880.86 ringgit. The duty structure runs from 3% to 8% depending on price bands. The circular was published on the Malaysian Palm Oil Board website.

- Date: 2024-08-21 · published 2024-08-21T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/15627-malaysia-keeps-september-crude-palm-oil-export-duty-at-8
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The unchanged maximum duty leaves Malaysian export costs steady, while the higher reference price lifts the base for duty calculations. The effect on prices is limited because the rate itself did not change.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-08-24 | [Malaysia Keeps September Crude Palm Oil Export Duty At 8% – MPOC](https://feedsoft.ai/events/15708-malaysia-keeps-september-crude-palm-oil-export-duty-at-8-mpoc.md) | +0.7% | -2.8% |
| PALMOIL | 2023-12-21 | [Malaysia Keeps January Crude Palm Oil Export Duty at 8%](https://feedsoft.ai/events/15680-malaysia-keeps-january-crude-palm-oil-export-duty-at-8.md) | -0.0% | +1.3% |
| PALMOIL | 2023-02-23 | [Malaysia Keeps March Crude Palm Oil Export Duty At 8% – MPOC](https://feedsoft.ai/events/15755-malaysia-keeps-march-crude-palm-oil-export-duty-at-8-mpoc.md) | +1.0% | -4.6% |
| 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 | 2019-06-20 | [Malaysia keeps July crude palm oil export duty at 0% \| The Star](https://feedsoft.ai/events/58467-malaysia-keeps-july-crude-palm-oil-export-duty-at-0-the-star.md) | -0.9% | -1.8% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/malaysia-keeps-september-crude-palm-oil-export-duty-at-8/

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