Loading…
Malaysia kept its March crude palm oil export duty at 8% and lowered the reference price, according to a circular. The duty structure applies to crude palm oil exports for the month.
The announcement is routine monthly duty setting.
A steady Malaysian export duty leaves export costs unchanged, so it has little direct price impact. The lower reference price slightly alters the duty base for exporters.
mpoc.org.myFeb 23, 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.
