# CPO export tax unlikely to affect EU demand, says Malaysian Palm Oil Council CEO | Malay Mail

> The Malaysian Palm Oil Council says the reinstated crude palm oil export tax starting in January is unlikely to hurt EU demand. EU imports from Malaysia reached about 2.2 million tonnes so far this year, versus 1.91 million for all of 2018. The council expects some reduced CPO shipments to India but says overall impact will be limited.

- Date: 2019-12-21 · published 2019-12-21T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/55458-cpo-export-tax-unlikely-to-affect-eu-demand-says-malaysian-palm-oil-council-ceo
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The council's view that demand will hold limits the downside from Malaysia's export tax, leaving palm prices supported by steady EU and Indian buying. Possible CPO shipment shifts to India add some pricing pressure.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-08-16 | [Malaysia to keep September crude palm oil export tax at 5.5pc \| Malay Mail](https://feedsoft.ai/events/69313-malaysia-to-keep-september-crude-palm-oil-export-tax-at-5-5pc-malay-mail.md) | +1.6% | +10.0% |
| PALMOIL | 2022-04-28 | [Malaysia able to meet global demand for palm oil following Indonesia’s export ban, says minister \| Malay Mail](https://feedsoft.ai/events/15831-malaysia-able-to-meet-global-demand-for-palm-oil-following-indonesia-s-export.md) | +8.6% | -1.2% |
| PALMOIL | 2021-10-24 | [Indonesia’s plug on CPO exports could affect local processing sector, says palm oil board \| MalaysiaNow](https://feedsoft.ai/events/44424-indonesia-s-plug-on-cpo-exports-could-affect-local-processing-sector-says-palm.md) | +0.3% | +1.2% |
| PALMOIL | 2020-11-30 | [Malaysia says no decision to extend palm oil export tax exemption beyond 2020 - The Business Times](https://feedsoft.ai/events/50045-malaysia-says-no-decision-to-extend-palm-oil-export-tax-exemption-beyond-2020.md) | +4.7% | +6.7% |
| PALMOIL | 2025-04-25 | [Palm Oil Magazine - Malaysia Keeps CPO Export Tax at 10% for May, Lowers Reference Price - Palm Oil Magazine](https://feedsoft.ai/events/15567-palm-oil-magazine-malaysia-keeps-cpo-export-tax-at-10-for-may-lowers-reference.md) | -1.9% | -3.6% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2019/12/21/cpo-export-tax-unlikely-to-affect-eu-demand-says-malaysian-palm-oil-council/1821244

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