# Higher tax burden for plantation firms | The Star

> Malaysia plans to re-impose a crude palm oil export duty of 3% to 8% from January 2021 for prices above RM2,250 per tonne. The move follows Indonesia's recent levy increase and comes as palm oil prices rally on stronger demand and lower output.

- Date: 2020-12-23 · published 2020-12-23T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/49523-higher-tax-burden-for-plantation-firms-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A Malaysian export duty raises the cost of palm oil exports and could shift buying toward other oils. The net effect is supportive for global palm oil prices in early 2021.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-05-15 | [Indonesia’s levies to benefit local plantation players \| The Star](https://feedsoft.ai/events/15561-indonesia-s-levies-to-benefit-local-plantation-players-the-star.md) | -0.1% | +1.0% |
| PALMOIL | 2022-09-21 | [Another step forward on the new “Zero-Deforestation” regulation - Etifor](https://feedsoft.ai/events/39606-another-step-forward-on-the-new-zero-deforestation-regulation-etifor.md) | -1.3% | -1.3% |
| PALMOIL | 2023-12-20 | [Malaysian palm settles higher for fifth straight session - Markets - Business Recorder](https://feedsoft.ai/events/32801-malaysian-palm-settles-higher-for-fifth-straight-session-markets-business.md) | +0.4% | +2.1% |
| PALMOIL | 2020-12-03 | [Indonesia: Imposed a higher plantation fund tariff for export of palm oil and its derivative products - Global Trade Alert](https://feedsoft.ai/events/49528-indonesia-imposed-a-higher-plantation-fund-tariff-for-export-of-palm-oil-and.md) | +1.0% | +5.3% |
| PALMOIL | 2018-01-05 | [Demand for Malaysian palm oil seen to rise by 15% following export tax suspension \| The Star](https://feedsoft.ai/events/8161-demand-for-malaysian-palm-oil-seen-to-rise-by-15-following-export-tax.md) | +0.3% | -1.2% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2020/12/24/higher-tax-burden-for-plantation-firms

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