# Malaysia keeps November crude palm oil export duty at 8% - Markets - Business Recorder

> Malaysia kept its November 2023 crude palm oil export duty at 8% and lowered the reference price to 3,556.08 ringgit per metric ton from October's 3,710.50 ringgit. The maximum tax rate applies when prices exceed 3,450 ringgit a ton.

- Date: 2023-10-17 · published 2023-10-17T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/15693-malaysia-keeps-november-crude-palm-oil-export-duty-at-8-markets-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

An unchanged export duty leaves Malaysian palm oil export costs steady, so the reference price cut has little direct effect on palm oil prices. Buyers of palm-based feed ingredients should expect stable export economics for the month.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-04-17 | [Malaysia keeps May crude palm oil export duty at 8% - Markets - Business Recorder](https://feedsoft.ai/events/15742-malaysia-keeps-may-crude-palm-oil-export-duty-at-8-markets-business-recorder.md) | +1.5% | -4.7% |
| PALMOIL | 2024-01-23 | [Malaysia keeps February crude palm oil export duty at 8% - Markets - Business Recorder](https://feedsoft.ai/events/15671-malaysia-keeps-february-crude-palm-oil-export-duty-at-8-markets-business.md) | +0.4% | -0.9% |
| 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 | 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% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40268536

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