# Malaysia exempts palm oil from export duty - Business Recorder

> Malaysia announced a full export duty exemption on crude palm oil, crude palm kernel oil and processed palm kernel oil for July through December 2020, as part of an economic stimulus package. Traders estimate the exemption could add about 1 million tonnes to exports in the second half of the year.

- Date: 2020-06-05 · published 2020-06-05T12:00:00.000Z
- Category: policy · region Malaysia · magnitude high
- Page: https://feedsoft.ai/events/52493-malaysia-exempts-palm-oil-from-export-duty-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Removing the export duty lowers Malaysian palm oil's landed cost in India and other importers, which is likely to raise export volumes and weigh on palm oil prices relative to Indonesian supply.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-06-12 | [Malaysia keeps July crude palm oil export duty at 8% - Markets - Business Recorder](https://feedsoft.ai/events/15637-malaysia-keeps-july-crude-palm-oil-export-duty-at-8-markets-business-recorder.md) | -0.3% | +0.8% |
| PALMOIL | 2022-09-15 | [Palm dips as stocks rise, Malaysia raises effective export tax - Markets - Business Recorder](https://feedsoft.ai/events/15789-palm-dips-as-stocks-rise-malaysia-raises-effective-export-tax-markets-business.md) | -1.4% | -6.5% |
| PALMOIL | 2025-09-23 | [Palm oil drops 3% as Argentina lifts soyoil export tax - Markets - Business Recorder](https://feedsoft.ai/events/22951-palm-oil-drops-3-as-argentina-lifts-soyoil-export-tax-markets-business-recorder.md) | -0.4% | +0.9% |
| PALMOIL | 2022-06-03 | [Indonesia’s rupiah climbs on palm oil export permits; Asia FX upbeat - Markets - Business Recorder](https://feedsoft.ai/events/41277-indonesia-s-rupiah-climbs-on-palm-oil-export-permits-asia-fx-upbeat-markets.md) | -2.5% | -26.2% |
| PALMOIL | 2025-01-08 | [Palm fell on export concerns, Indonesia’s biodiesel plans - Markets - Business Recorder](https://feedsoft.ai/events/6540-palm-fell-on-export-concerns-indonesia-s-biodiesel-plans-markets-business.md) | +1.2% | +1.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/1002081

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