# Malaysia raises export tax for crude palm oil for first time in over a year - The Business Times

> Malaysia raised its crude palm oil export tax for January to 4.5% or 5% after a suspension, the first increase in about 1.5 years. The reference price for January is RM2,571.16 per tonne. Malaysian benchmark futures rose about 1% to RM2,913 per tonne. Traders expect Indonesia may follow with its own export levy.

- Date: 2019-12-12 · published 2019-12-12T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/55463-malaysia-raises-export-tax-for-crude-palm-oil-for-first-time-in-over-a-year-the
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The export tax adds cost to Malaysian palm exports and may shift trade toward refined products and Indonesia. Expectations of an Indonesian levy keep palm oil prices supported.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-09-20 | [Malaysia keeps Oct crude palm oil export tax at 8%](https://feedsoft.ai/events/44940-malaysia-keeps-oct-crude-palm-oil-export-tax-at-8.md) | +1.0% | +12.6% |
| PALMOIL | 2021-03-17 | [Malaysia maintains April crude palm oil export duty at 8% - Markets - Business Recorder](https://feedsoft.ai/events/47980-malaysia-maintains-april-crude-palm-oil-export-duty-at-8-markets-business.md) | -0.1% | -7.0% |
| PALMOIL | 2018-02-12 | [Export tax freeze to support Malaysian palm oil industry - Oxford Business Group](https://feedsoft.ai/events/66368-export-tax-freeze-to-support-malaysian-palm-oil-industry-oxford-business-group.md) | +0.5% | -3.5% |
| PALMOIL | 2024-04-23 | [Malaysia kept export duty on crude palm oil at 8% in May](https://feedsoft.ai/events/15652-malaysia-kept-export-duty-on-crude-palm-oil-at-8-in-may.md) | -0.1% | -4.7% |
| PALMOIL | 2021-08-27 | [Indonesia Sept crude palm oil export reference price, export tax set higher - Markets - Business Recorder](https://feedsoft.ai/events/45440-indonesia-sept-crude-palm-oil-export-reference-price-export-tax-set-higher.md) | -1.4% | +1.9% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/energy-commodities/malaysia-raises-export-tax-crude-palm-oil-first-time-over-year

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