# Palm Oil Prices Malaysia: Closing Market 30 April 2024 | Mitul B.

> Market wrap for Malaysian palm oil on 30 April 2024 that also cites Reuters on Indonesia setting its May CPO reference price at US$877.28/MT, up from US$857.62 in April. The export tax stays at US$52 and the levy at US$90.

- Date: 2024-04-30 · published 2024-04-30T12:00:00.000Z
- Category: market · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/15654-palm-oil-prices-malaysia-closing-market-30-april-2024-mitul-b
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The higher May reference price points to firmer Indonesian export pricing, though duty and levy rates are unchanged. Price direction for palm oil is supportive.

## Read by commodity

- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2024-04-30 | 1 | -7.3% | -10.6 | Closing market wrap for April 30 describes the day's price action and Indonesian reference price and tax context, relevant but mostly descriptive. |

## Sources

- linkedin.com: https://www.linkedin.com/posts/mitulbhanderi_palmoil-malaysia-indonesia-activity-7191046122805612544-xT7J

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