# Malaysia and Indonesia hiking export taxes

> Malaysia will raise its crude palm oil export duty from 1 November, with rates of 8.5% to 10% depending on price band. Indonesia's combined export duty and levy also rises sharply for November, adding about US$54 per tonne.

- Date: 2024-10-29 · published 2024-10-29T12:00:00.000Z
- Category: policy · region Malaysia · magnitude high
- Page: https://feedsoft.ai/events/4983-malaysia-and-indonesia-hiking-export-taxes
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher export taxes in the two largest producers can shift purchases ahead of the change and tighten exportable supply, supporting palm prices.

## Read by commodity

- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2024-11-04 | 5 | +9.9% | 4.2 | Higher Malaysian and Indonesian export duties from Nov 1 spurred forward buying ahead of the changes and raised the cost of exported palm oil, supporting prices. |
| PALMOIL | 2024-10-31 | 1 | +9.2% | 8.1 | Higher Malaysian and Indonesian export duties from Nov 1 tighten export supply and spur pre-duty buying, supporting prices. |
| PALMOIL | 2024-11-01 | 1 | +9.2% | 7.9 | Higher export duties in Malaysia and Indonesia effective Nov 1 raise export costs and signal tighter exportable supply, supporting prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-03-02 | [Indonesian higher palm oil export levies come into effect and…](https://feedsoft.ai/events/15483-indonesian-higher-palm-oil-export-levies-come-into-effect-and.md) | +5.0% | +8.4% |
| PALMOIL | 2024-12-19 | [Indonesia to hike crude palm oil export levy to 10pct](https://feedsoft.ai/events/15595-indonesia-to-hike-crude-palm-oil-export-levy-to-10pct.md) | -0.1% | -11.2% |
| PALMOIL | 2025-07-31 | [Indonesia confirms refined feedstock export levy hikes and adds duties](https://feedsoft.ai/events/15545-indonesia-confirms-refined-feedstock-export-levy-hikes-and-adds-duties.md) | +1.9% | +5.3% |
| PALMOIL | 2025-01-06 | [Demand for Malaysian palm oil could rise if Indonesia raises exports levy — TA Securities](https://feedsoft.ai/events/15590-demand-for-malaysian-palm-oil-could-rise-if-indonesia-raises-exports-levy-ta.md) | +0.3% | +0.2% |
| PALMOIL | 2021-09-20 | [Malaysia keeps Oct crude palm oil export tax at 8%](https://feedsoft.ai/events/44940-malaysia-keeps-oct-crude-palm-oil-export-tax-at-8.md) | +1.0% | +12.6% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/malaysia-and-indonesia-hiking-export-taxes/
- ofimagazine.com: https://www.ofimagazine.com/news/malaysia-and-indonesia-hiking-export-taxes

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