# Will CPO price rally continue in Q1 2021? Depends on whether govt continues with export duty exemption, says Sime Darby Oils CEO | Malay Mail

> Sime Darby Oils said the crude palm oil rally above RM3,000 a tonne could last through year-end, but its continuation into Q1 2021 depends on whether Malaysia extends its export duty waiver, which runs July 1 to December 31, 2020. Low inventories and strong exports currently support prices.

- Date: 2020-10-28 · published 2020-10-28T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/50515-will-cpo-price-rally-continue-in-q1-2021-depends-on-whether-govt-continues-with
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Removal of Malaysia's export duty exemption would raise export costs and could tighten supply, so the policy decision is a key swing factor for palm oil prices into 2021.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-01-07 | [Shahrir: Palm oil export duty only frozen to raise prices \| Malay Mail](https://feedsoft.ai/events/10986-shahrir-palm-oil-export-duty-only-frozen-to-raise-prices-malay-mail.md) | -1.0% | -1.4% |
| PALMOIL | 2019-11-21 | [Cooperation among govts on biodiesel mandates can sustain CPO prise rise, says expert \| Malay Mail](https://feedsoft.ai/events/55949-cooperation-among-govts-on-biodiesel-mandates-can-sustain-cpo-prise-rise-says.md) | 0.0% | +9.3% |
| PALMOIL | 2017-01-09 | [Govt will impose export duties on CPO](https://feedsoft.ai/events/72869-govt-will-impose-export-duties-on-cpo.md) | +1.3% | +0.7% |
| PALMOIL | 2024-04-23 | [Malaysia kept export duty on crude palm oil at 8% in May](https://feedsoft.ai/events/15652-malaysia-kept-export-duty-on-crude-palm-oil-at-8-in-may.md) | -0.1% | -4.7% |
| PALMOIL | 2025-09-01 | [Palm Oil Magazine - Indonesia's CPO Reference Price Climbs in September, Export Duty Set at 10% - Palm Oil Magazine](https://feedsoft.ai/events/15532-palm-oil-magazine-indonesia-s-cpo-reference-price-climbs-in-september-export.md) | +2.4% | +1.0% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2020/10/28/will-cpo-price-rally-continue-in-q1-2021-depends-on-whether-govt-continues/1917304

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