# Malaysia to cut CPO export tax to 5% in April following lower prices in Q1  : The Daily Digest

> Malaysia will cut its crude palm oil export duty to 5% in April from 6%, after palm prices fell below the reference price band during the first quarter. Weaker Indian demand and the coronavirus outbreak contributed to the price decline.

- Date: 2020-03-16 · published 2020-03-16T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/54011-malaysia-to-cut-cpo-export-tax-to-5-in-april-following-lower-prices-in-q1-the
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A lower export tax makes Malaysian CPO cheaper for overseas buyers, supporting export competitiveness but signalling weak domestic prices that feed through to palm oil markets.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-08-24 | [Malaysian palm oil prices may lose support following US import duty decision  : The Daily Digest](https://feedsoft.ai/events/69556-malaysian-palm-oil-prices-may-lose-support-following-us-import-duty-decision.md) | +0.1% | +6.0% |
| PALMOIL | 2017-08-07 | [Malaysia’s B10 policy hindered by high palm oil prices  : The Daily Digest](https://feedsoft.ai/events/69319-malaysia-s-b10-policy-hindered-by-high-palm-oil-prices-the-daily-digest.md) | +1.6% | +4.0% |
| PALMOIL | 2017-06-16 | [Malaysia to raise CPO export tax next month \| The Star](https://feedsoft.ai/events/70365-malaysia-to-raise-cpo-export-tax-next-month-the-star.md) | -1.1% | +2.2% |
| PALMOIL | 2018-11-26 | [Malaysian palm oil price in biggest fall in 21 months as Indonesia axes export levy \| The Star](https://feedsoft.ai/events/61908-malaysian-palm-oil-price-in-biggest-fall-in-21-months-as-indonesia-axes-export.md) | -0.5% | +2.0% |
| PALMOIL | 2017-10-12 | [Malaysia Raises Palm Oil Export Tax To 6.5% For November From 6.0% In October - Nikkei Asia](https://feedsoft.ai/events/68335-malaysia-raises-palm-oil-export-tax-to-6-5-for-november-from-6-0-in-october.md) | +0.9% | +4.1% |

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/malaysia-to-cut-cpo-export-tax-to-5-in-april-following-lower-prices-in-q1/

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