# Malaysia says no decision to extend palm oil export tax exemption beyond 2020 - The Business Times

> Malaysia's plantation ministry said no decision has been made on extending the palm oil export duty exemption, which ends on December 31, 2020. The exemption was introduced in June to support exports during the coronavirus demand slump. Industry players are awaiting Indonesia's decision on raising its own palm export levies.

- Date: 2020-11-30 · published 2020-11-30T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/50045-malaysia-says-no-decision-to-extend-palm-oil-export-tax-exemption-beyond-2020
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Reinstating Malaysia's export tax would make its refined palm oil more competitive and could prompt a rush to export crude palm oil before January. Indonesia's levy decision will also shape the regional palm oil spread and export flows.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-04-12 | [Malaysia cuts crude palm oil export duty for May to 4.5% - The Business Times](https://feedsoft.ai/events/53507-malaysia-cuts-crude-palm-oil-export-duty-for-may-to-4-5-the-business-times.md) | -1.4% | -11.4% |
| PALMOIL | 2023-09-18 | [Malaysia reviewing windfall tax on palm oil industry  - The Business Times](https://feedsoft.ai/events/15705-malaysia-reviewing-windfall-tax-on-palm-oil-industry-the-business-times.md) | -1.6% | -4.3% |
| PALMOIL | 2023-10-27 | [Malaysia will not remove windfall tax on palm industry: state media - The Business Times](https://feedsoft.ai/events/15697-malaysia-will-not-remove-windfall-tax-on-palm-industry-state-media-the-business.md) | +2.3% | +5.6% |
| PALMOIL | 2023-01-27 | [Indonesia wants palm oil exporters to trade on local exchanges - The Business Times](https://feedsoft.ai/events/15762-indonesia-wants-palm-oil-exporters-to-trade-on-local-exchanges-the-business.md) | -1.9% | +2.1% |
| PALMOIL | 2021-01-11 | [Indonesia refined palm oil exports to rise in 2021 on tax changes - Markets - Business Recorder](https://feedsoft.ai/events/49037-indonesia-refined-palm-oil-exports-to-rise-in-2021-on-tax-changes-markets.md) | -6.2% | -12.3% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/energy-commodities/malaysia-says-no-decision-extend-palm-oil-export-tax-exemption

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