◂ Event Timeline

May 14, 2019POLICYMalaysia

Malaysia keeps June crude palm oil export duty at zero percent

Malaysia kept its crude palm oil export duty for June unchanged at zero percent, according to a customs circular posted on the Malaysian Palm Oil Board website. The circular cites the national customs department.

WHY IT MATTERS

A zero export duty keeps Malaysian CPO competitively priced in export markets, supporting export flows and offering modest support to palm oil prices against soyoil and other vegetable oils.

AFFECTSPalm Oil◆

SOURCE
reuters.comMay 14, 2019

Price reaction & history

Palm Oil◆neutralSO FAR1d +0.9%5d +2.9%20d +0.6%

After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.

Dec 21, 2023Malaysia Keeps January Crude Palm Oil Export Duty at 8%-0.0%
Feb 23, 2023Malaysia Keeps March Crude Palm Oil Export Duty At 8% – MPOC+1.0%
Jun 20, 2019Malaysia keeps July crude palm oil export duty at 0% | The Star-0.9%
Aug 21, 2024Malaysia keeps September crude palm oil export duty at 8%+1.7%
May 18, 2023Malaysia Keeps June Crude Palm Oil Export Duty At 8%, Raise Reference Price-0.8%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Palm Oil PALMOIL · GP ▸

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