# Govt needs more than tax revamp to pare down palm oil inventory

> Malaysia's palm oil export tax has been zero since September 2018, and CIMB analyst Ivy Ng says changing the duty structure will not reduce inventories. She argues any new structure must match Indonesia's more progressive levy. Malaysian palm oil stocks remain elevated, with prices below the RM2,250 level.

- Date: 2019-01-03 · published 2019-01-03T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/60982-govt-needs-more-than-tax-revamp-to-pare-down-palm-oil-inventory
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Persistent Malaysian stock overhang keeps palm oil prices under pressure, and tax tweaks alone are unlikely to shift the balance. Buyers should expect continued pricing weakness unless exports pick up.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-09-30 | [EU palm oil ban more than environmental issue - Asia Times](https://feedsoft.ai/events/57133-eu-palm-oil-ban-more-than-environmental-issue-asia-times.md) | -2.1% | +2.5% |
| PALMOIL | 2020-09-08 | [Indonesia to revamp palm oil levy to support biodiesel programme](https://feedsoft.ai/events/51005-indonesia-to-revamp-palm-oil-levy-to-support-biodiesel-programme.md) | +1.1% | -4.1% |
| PALMOIL | 2020-09-08 | [Indonesia looking to change palm oil levy policy to raise more funds  : The Daily Digest](https://feedsoft.ai/events/51009-indonesia-looking-to-change-palm-oil-levy-policy-to-raise-more-funds-the-daily.md) | +1.1% | -4.1% |
| PALMOIL | 2019-02-01 | [Palm oil exporters back govt to retaliate on France, Norway and the EU's palm oil ban](https://feedsoft.ai/events/6969-palm-oil-exporters-back-govt-to-retaliate-on-france-norway-and-the-eu-s-palm.md) | +5.2% | -0.2% |
| PALMOIL | 2019-04-26 | [Minister: Govt to intervene in event of steep palm oil, biofuel price hike \| Malay Mail](https://feedsoft.ai/events/59479-minister-govt-to-intervene-in-event-of-steep-palm-oil-biofuel-price-hike-malay.md) | -7.0% | -8.1% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2019/01/03/govt-needs-more-than-tax-revamp-to-pare-down-palm-oil-inventory/

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