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Malaysia kept its January 2024 crude palm oil export duty at 8% and raised the reference price to 3,679.50 ringgit per ton. The December reference price was 3,589.09 ringgit.
The duty structure runs from 3% to 8% based on price bands.
The unchanged top-band duty leaves Malaysian export costs steady, so the effect on palm prices is small. The higher reference price reflects firmer recent values.
english.kontan.co.idYudho WinartoDec 21, 2023After 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.
