# Export tax freeze to support Malaysian palm oil industry - Oxford Business Group

> Malaysia suspended crude palm oil export taxes for three months from January 8, 2018, to boost exports and cut stockpiles. Palm oil stocks reached two-year highs of 2.7 million tonnes at end-December, up 59% year-on-year. The minister described the step as a short-term measure to improve competitiveness.

- Date: 2018-02-12 · published 2018-02-12T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/66368-export-tax-freeze-to-support-malaysian-palm-oil-industry-oxford-business-group
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower export costs and possible sales gains of up to 15% could draw down Malaysian inventories and firm CPO prices, a bullish signal for palm oil and a competitive threat to rival vegetable oils.

## Read by commodity

- SBO: neutral
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-03-31 | [Export tax freeze to support Malaysian palm oil industry \| Borneo Post Online](https://feedsoft.ai/events/65878-export-tax-freeze-to-support-malaysian-palm-oil-industry-borneo-post-online.md) | +3.4% | -0.1% |
| PALMOIL | 2019-12-12 | [Malaysia raises export tax for crude palm oil for first time in over a year - The Business Times](https://feedsoft.ai/events/55463-malaysia-raises-export-tax-for-crude-palm-oil-for-first-time-in-over-a-year-the.md) | -0.0% | +11.2% |
| 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 | 2021-08-27 | [Indonesia Sept crude palm oil export reference price, export tax set higher - Markets - Business Recorder](https://feedsoft.ai/events/45440-indonesia-sept-crude-palm-oil-export-reference-price-export-tax-set-higher.md) | -1.4% | +1.9% |
| 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% |
| SBO | 2022-05-20 | [Malaysia to reduce palm oil export tax, biodiesel mandate](https://feedsoft.ai/events/15820-malaysia-to-reduce-palm-oil-export-tax-biodiesel-mandate.md) | -0.4% | -7.6% |
| SBO | 2021-08-27 | [Indonesia Sept crude palm oil export reference price, export tax set higher - Markets - Business Recorder](https://feedsoft.ai/events/45440-indonesia-sept-crude-palm-oil-export-reference-price-export-tax-set-higher.md) | -1.8% | -4.6% |
| SBO | 2026-10-28 | [Malaysia palm oil export tax waiver: what it means \| Peepals](https://feedsoft.ai/events/166-malaysia-palm-oil-export-tax-waiver-what-it-means-peepals.md) | -0.3% | — |

## Sources

- oxfordbusinessgroup.com: https://oxfordbusinessgroup.com/articles-interviews/export-tax-freeze-to-support-malaysian-palm-oil-industry

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