# Palm Oil News - July 2023 Export Tax in Malaysia Would be 8 Percent

> Malaysia's government kept its July 2023 crude palm oil export tax at the maximum 8% and lowered the CPO reference price to RM 3,604.73 per ton from RM 4,144.31 in June. Indonesia also set a lower CPO reference price of US$723.45/ton for 16-30 June.

- Date: 2023-06-24 · published 2023-06-24T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/15723-palm-oil-news-july-2023-export-tax-in-malaysia-would-be-8-percent
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower reference prices reduce the export tax and levy burden, which can support export competitiveness for palm oil, a key substitute in feed fats and oilseed meal markets. The tax structure keeps the top rate in place, so the effect on export prices is modest.

## Read by commodity

- SBO: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| 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 | 2026-08-11 | [B15 implementation in peninsular Malaysia will not affect palm oil exports \| News Hub \| PVIP2U](https://feedsoft.ai/events/15449-b15-implementation-in-peninsular-malaysia-will-not-affect-palm-oil-exports-news.md) | +0.4% | +7.2% |
| PALMOIL | 2020-01-16 | [Palm Oil News - In 2021, RED II of European Union would be Re-Studied](https://feedsoft.ai/events/55083-palm-oil-news-in-2021-red-ii-of-european-union-would-be-re-studied.md) | -0.4% | -12.2% |
| PALMOIL | 2020-11-30 | [Malaysia says no decision to extend palm oil export tax exemption beyond 2020 - The Business Times](https://feedsoft.ai/events/50045-malaysia-says-no-decision-to-extend-palm-oil-export-tax-exemption-beyond-2020.md) | +4.7% | +6.7% |
| SBO | 2026-10-28 | [Malaysia palm oil export tax waiver: what it means \| Peepals](https://feedsoft.ai/events/166-malaysia-palm-oil-export-tax-waiver-what-it-means-peepals.md) | -0.3% | — |
| SBO | 2022-05-20 | [Malaysia to reduce palm oil export tax, biodiesel mandate](https://feedsoft.ai/events/15820-malaysia-to-reduce-palm-oil-export-tax-biodiesel-mandate.md) | -0.4% | -7.6% |
| SBO | 2018-02-12 | [Export tax freeze to support Malaysian palm oil industry - Oxford Business Group](https://feedsoft.ai/events/66368-export-tax-freeze-to-support-malaysian-palm-oil-industry-oxford-business-group.md) | -1.3% | -1.3% |

## Sources

- en.infosawit.com: https://en.infosawit.com/news/12019/july-2023-export-tax-in-malaysia-would-be-8-percent

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