# Malaysia keeps CPO export duty unchanged but raises reference prices - Fastmarkets

> Malaysia kept its crude palm oil export duty at the maximum 8% for June but raised the monthly reference price to MYR 4,627.40/mt. The duty stays in force because prices remain above the MYR 3,450/mt threshold, and the net payable duty rises only slightly.

- Date: 2021-05-19 · published 2021-05-19T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/46978-malaysia-keeps-cpo-export-duty-unchanged-but-raises-reference-prices-fastmarkets
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The small rise in net export duty is unlikely to change Malaysian export competitiveness against Indonesia, so the direct effect on palm prices is limited.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-05-18 | [Malaysia Keeps June Crude Palm Oil Export Duty At 8%, Raise Reference Price](https://feedsoft.ai/events/15730-malaysia-keeps-june-crude-palm-oil-export-duty-at-8-raise-reference-price.md) | -0.8% | -5.0% |
| PALMOIL | 2025-04-25 | [Palm Oil Magazine - Malaysia Keeps CPO Export Tax at 10% for May, Lowers Reference Price - Palm Oil Magazine](https://feedsoft.ai/events/15567-palm-oil-magazine-malaysia-keeps-cpo-export-tax-at-10-for-may-lowers-reference.md) | -1.9% | -3.6% |
| 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 | 2023-10-17 | [Malaysia keeps November crude palm oil export duty at 8% - Markets - Business Recorder](https://feedsoft.ai/events/15693-malaysia-keeps-november-crude-palm-oil-export-duty-at-8-markets-business.md) | -0.6% | +2.6% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/malaysia-keeps-cpo-export-duty-unchanged-but-raises-reference-prices/

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