# Putrajaya to provide full exemption on CPO export duty under Penjana | Malay Mail

> Malaysian Prime Minister Muhyiddin Yassin announced a 100% exemption from export duty on crude palm oil and palm kernel products from July 1 to December 31, 2020, under the Penjana recovery plan. The plan also allocates RM350 million to an agrofood loan facility.

- Date: 2020-06-05 · published 2020-06-05T12:00:00.000Z
- Category: policy · region Malaysia · magnitude high
- Page: https://feedsoft.ai/events/52495-putrajaya-to-provide-full-exemption-on-cpo-export-duty-under-penjana-malay-mail
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The export duty exemption makes Malaysian palm oil cheaper to export, which can lift shipments and put downward pressure on palm oil prices in the second half of the year.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-06-05 | [Malaysia exempts palm oil from export duty - Business Recorder](https://feedsoft.ai/events/52493-malaysia-exempts-palm-oil-from-export-duty-business-recorder.md) | +1.7% | +1.1% |
| PALMOIL | 2024-05-17 | [Malaysia to leave duty on crude palm oil exports unchanged in June](https://feedsoft.ai/events/15648-malaysia-to-leave-duty-on-crude-palm-oil-exports-unchanged-in-june.md) | +0.9% | +2.8% |
| PALMOIL | 2018-04-01 | [Malaysia: Export duty on crude palm oil reintroduced from May 2018 - Global Trade Alert](https://feedsoft.ai/events/65413-malaysia-export-duty-on-crude-palm-oil-reintroduced-from-may-2018-global-trade.md) | +3.4% | -0.1% |
| PALMOIL | 2025-06-26 | [Malaysia cuts July palm oil reference price, export duty falls to 8.5pct](https://feedsoft.ai/events/15552-malaysia-cuts-july-palm-oil-reference-price-export-duty-falls-to-8-5pct.md) | +2.8% | +6.1% |
| PALMOIL | 2020-03-16 | [Malaysia to cut CPO export tax to 5% in April following lower prices in Q1  : The Daily Digest](https://feedsoft.ai/events/54011-malaysia-to-cut-cpo-export-tax-to-5-in-april-following-lower-prices-in-q1-the.md) | -1.5% | -4.6% |

## Sources

- malaymail.com: https://www.malaymail.com/news/malaysia/2020/06/05/putrajaya-to-provide-full-exemption-on-cpo-export-duty-under-penjana/1872817

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