# Malaysia Keeps January Crude Palm Oil Export Duty at 8%

> 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.

- Date: 2023-12-21 · published 2023-12-21T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/15680-malaysia-keeps-january-crude-palm-oil-export-duty-at-8
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-08-21 | [Malaysia keeps September crude palm oil export duty at 8%](https://feedsoft.ai/events/15627-malaysia-keeps-september-crude-palm-oil-export-duty-at-8.md) | +1.7% | +6.5% |
| 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 | 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% |
| PALMOIL | 2019-05-14 | [Malaysia keeps June crude palm oil export duty at zero percent](https://feedsoft.ai/events/58954-malaysia-keeps-june-crude-palm-oil-export-duty-at-zero-percent.md) | +2.9% | +0.6% |

## Sources

- english.kontan.co.id: https://english.kontan.co.id/news/malaysia-keeps-january-crude-palm-oil-export-duty-at-8

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