# Teresa Kok:  Palm oil export duty tax-exemption from today until Dec 31  | The Star

> Malaysia's Finance Ministry has agreed to suspend the crude palm oil export duty, making exports tax-free from May 1 to December 31, 2019. Primary Industries Minister Teresa Kok said the move is meant to encourage exports, with buyers in Africa, the Middle East and Russia reportedly interested.

- Date: 2019-04-30 · published 2019-04-30T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/59469-teresa-kok-palm-oil-export-duty-tax-exemption-from-today-until-dec-31-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Removing the 4.5% export duty lowers the landed cost of Malaysian palm oil for importers and could lift export volumes, supportive for palm oil prices and for substitute vegetable oils used in feed.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-05-02 | [Take advantage of CPO export duty exemption, urges Kok](https://feedsoft.ai/events/58955-take-advantage-of-cpo-export-duty-exemption-urges-kok.md) | -3.3% | -3.6% |
| PALMOIL | 2018-01-05 | [Demand for Malaysian palm oil seen to rise by 15% following export tax suspension \| The Star](https://feedsoft.ai/events/8161-demand-for-malaysian-palm-oil-seen-to-rise-by-15-following-export-tax.md) | +0.3% | -1.2% |
| PALMOIL | 2018-01-07 | [FGV to benefit from suspension of export taxes \| The Star](https://feedsoft.ai/events/66872-fgv-to-benefit-from-suspension-of-export-taxes-the-star.md) | -1.0% | -1.4% |
| PALMOIL | 2018-01-07 | [Shahrir: Palm oil export duty only frozen to raise prices \| Malay Mail](https://feedsoft.ai/events/10986-shahrir-palm-oil-export-duty-only-frozen-to-raise-prices-malay-mail.md) | -1.0% | -1.4% |
| PALMOIL | 2018-04-06 | [Export duty suspension for CPO extended to end-April \| The Star](https://feedsoft.ai/events/65415-export-duty-suspension-for-cpo-extended-to-end-april-the-star.md) | -1.4% | -7.1% |

## Sources

- thestar.com.my: https://www.thestar.com.my/news/nation/2019/05/01/teresa-kok--palm-oil-export-duty-taxexemption-from-today-until-dec-31/

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