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Malaysia kept its February crude palm oil export tax at 8% and set a lower reference price of 3,571.39 ringgit ($754.57) per ton, down from 3,679.50 ringgit in January. The tax structure maxes out at 8% above 3,450 ringgit per ton.
A fixed maximum tax at these price levels means exporters keep the full price decline, leaving palm oil supply flows steady while prices track global vegetable oil demand.
brecorder.comReutersJan 23, 2024After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
