# Malaysia's palm oil exports set to rise following export tax suspension - Xinhua | English.news.cn

> Malaysia suspended crude palm oil export taxes for three months from January 8 to April 7, 2018, aiming to lift prices and cut stockpiles that reached a two-year high of 2.56 million tons in November. The suspension ends early if CPO stocks fall to 1.6 million tons. Analysts expect Malaysian exports to gain competitiveness against Indonesia, which pays a $50 per ton levy, with buying from China and India.

- Date: 2018-01-08 · published 2018-01-08T12:00:00.000Z
- Category: policy · region Malaysia · magnitude high
- Page: https://feedsoft.ai/events/66868-malaysia-s-palm-oil-exports-set-to-rise-following-export-tax-suspension-xinhua
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Removing the 5.5% export tax makes Malaysian palm oil cheaper for importers, shifting demand toward Malaysian supply and pressuring Indonesian export competitiveness, while the stock drawdown goal supports Malaysian prices in the near term.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2018-01-04 | [MARKET BUZZ: Malaysia's Plantation Stocks Rise Amid Crude Palm Oil Export Tax Suspension Talk - Nikkei Asia](https://feedsoft.ai/events/8165-market-buzz-malaysia-s-plantation-stocks-rise-amid-crude-palm-oil-export-tax.md) | +0.7% | -1.2% |
| PALMOIL | 2025-01-06 | [Demand for Malaysian palm oil could rise if Indonesia raises exports levy — TA Securities](https://feedsoft.ai/events/15590-demand-for-malaysian-palm-oil-could-rise-if-indonesia-raises-exports-levy-ta.md) | +0.3% | +0.2% |
| 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 | 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% |
| SBO | 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) | +1.1% | +8.3% |
| SBO | 2018-06-14 | [EU new palm oil rule seen to be setting up clash with Malaysia, Indonesia](https://feedsoft.ai/events/64410-eu-new-palm-oil-rule-seen-to-be-setting-up-clash-with-malaysia-indonesia.md) | -2.4% | -6.3% |
| SBO | 2017-01-27 | [Indonesia to set February crude palm oil export tax at $18 per tonne](https://feedsoft.ai/events/72868-indonesia-to-set-february-crude-palm-oil-export-tax-at-18-per-tonne.md) | +0.3% | -6.0% |

## Sources

- xinhuanet.com: http://www.xinhuanet.com/english/2018-01/08/c_136879975.htm

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