# Malaysia cuts crude palm oil export duty for May to 4.5% - The Business Times

> Malaysia cut its crude palm oil export duty for May to 4.5% from 5% in April, the Malaysian Palm Oil Board said, citing the customs department. The reference price was set at RM2,460.89 per tonne.

- Date: 2020-04-12 · published 2020-04-12T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/53507-malaysia-cuts-crude-palm-oil-export-duty-for-may-to-4-5-the-business-times
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A small duty cut lowers the cost of exporting Malaysian crude palm oil, but analysts expect little effect on volumes, so the price impact is minor.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-04-17 | [Malaysia keeps May crude palm oil export duty at 8% - Markets - Business Recorder](https://feedsoft.ai/events/15742-malaysia-keeps-may-crude-palm-oil-export-duty-at-8-markets-business-recorder.md) | +1.5% | -4.7% |
| PALMOIL | 2024-01-23 | [Malaysia keeps February crude palm oil export duty at 8% - Markets - Business Recorder](https://feedsoft.ai/events/15671-malaysia-keeps-february-crude-palm-oil-export-duty-at-8-markets-business.md) | +0.4% | -0.9% |
| PALMOIL | 2023-09-19 | [Malaysia Maintains October Export Duty for Crude Palm Oil at 8%](https://feedsoft.ai/events/15703-malaysia-maintains-october-export-duty-for-crude-palm-oil-at-8.md) | -0.4% | -3.1% |
| PALMOIL | 2023-10-17 | [Malaysia keeps November crude palm oil export duty at 8% - Markets - Business Recorder](https://feedsoft.ai/events/15693-malaysia-keeps-november-crude-palm-oil-export-duty-at-8-markets-business.md) | -0.6% | +2.6% |
| PALMOIL | 2019-06-20 | [Malaysia keeps July crude palm oil export duty at 0% \| The Star](https://feedsoft.ai/events/58467-malaysia-keeps-july-crude-palm-oil-export-duty-at-0-the-star.md) | -0.9% | -1.8% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/energy-commodities/malaysia-cuts-crude-palm-oil-export-duty-may-45

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