# Take advantage of CPO export duty exemption, urges Kok

> Malaysian Primary Industries Minister Teresa Kok urged exporters to use a seven-month extension of the zero export duty on crude palm oil starting May 1, 2019. She said the government aims to reduce palm oil stocks, which stood at 2.92 million tonnes on March 31, and lift CPO prices.

- Date: 2019-05-02 · published 2019-05-02T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/58955-take-advantage-of-cpo-export-duty-exemption-urges-kok
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The duty exemption encourages exports that could draw down high Malaysian stocks, which is mildly supportive for palm oil prices if the export pickup materializes.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-04-30 | [Teresa Kok:  Palm oil export duty tax-exemption from today until Dec 31  \| The Star](https://feedsoft.ai/events/59469-teresa-kok-palm-oil-export-duty-tax-exemption-from-today-until-dec-31-the-star.md) | -9.0% | -7.4% |
| PALMOIL | 2023-01-18 | [Production drops, CPO export duty up 42%](https://feedsoft.ai/events/15760-production-drops-cpo-export-duty-up-42.md) | +1.3% | +1.2% |
| PALMOIL | 2022-11-01 | [Indonesia Extends CPO Export Levy Exemption - News En.tempo.co](https://feedsoft.ai/events/15774-indonesia-extends-cpo-export-levy-exemption-news-en-tempo-co.md) | +13.1% | +9.0% |
| PALMOIL | 2017-01-09 | [Govt will impose export duties on CPO](https://feedsoft.ai/events/72869-govt-will-impose-export-duties-on-cpo.md) | +1.3% | +0.7% |
| PALMOIL | 2023-07-15 | [Gov’t Reimposes Export Duty after CPO Prices Rebound](https://feedsoft.ai/events/15717-gov-t-reimposes-export-duty-after-cpo-prices-rebound.md) | +1.2% | -3.2% |

## Sources

- nst.com.my: https://www.nst.com.my/business/2019/05/484899/take-advantage-cpo-export-duty-exemption-urges-kok

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