# Export tax freeze to support Malaysian palm oil industry | Borneo Post Online

> Malaysia suspended crude palm oil export duties for three months from January 8 to boost exports and reduce stockpiles, which reached two-year highs at the end of December. Analysts estimate sales could rise by up to 15% over the period. The duty suspension saves exporters about US$36 per tonne.

- Date: 2018-03-31 · published 2018-03-31T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/65878-export-tax-freeze-to-support-malaysian-palm-oil-industry-borneo-post-online
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower export costs and stock drawdown support Malaysian palm oil prices and tighten near-term supply, though the temporary nature limits the longer-term effect.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2018-01-09 | [Export tax suspension to boost upstream plantation players \| Borneo Post Online](https://feedsoft.ai/events/66873-export-tax-suspension-to-boost-upstream-plantation-players-borneo-post-online.md) | -2.2% | -3.5% |
| 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 | 2017-05-03 | [Greater push for biodiesel in Indonesia, Malaysia \| Borneo Post Online](https://feedsoft.ai/events/70909-greater-push-for-biodiesel-in-indonesia-malaysia-borneo-post-online.md) | +2.2% | +2.1% |
| 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% |

## Sources

- theborneopost.com: https://www.theborneopost.com/2018/04/01/export-tax-freeze-to-support-malaysian-palm-oil-industry/

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