# FGV to benefit from suspension of export taxes | The Star

> CIMB Equities Research expects plantation companies with large upstream operations, including FGV and Genting Plantations, to benefit from Malaysia's three-month CPO export tax suspension from January 8 to April 7. Integrated refiners such as IOI and Wilmar would see minimal earnings effect. CIMB keeps its 2018 average CPO price assumption at RM2,700 per tonne.

- Date: 2018-01-07 · published 2018-01-07T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/66872-fgv-to-benefit-from-suspension-of-export-taxes-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The analysis reflects the expected price support from removing Malaysia's export tax, but it is a brokerage view on equities rather than a direct change in palm oil supply or demand.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| 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 | 2019-04-30 | [Teresa Kok:  Palm oil export duty tax-exemption from today until Dec 31  \| The Star](https://feedsoft.ai/events/59469-teresa-kok-palm-oil-export-duty-tax-exemption-from-today-until-dec-31-the-star.md) | -9.0% | -7.4% |
| PALMOIL | 2019-10-16 | [Indonesia extends suspension of palm oil export levies](https://feedsoft.ai/events/56445-indonesia-extends-suspension-of-palm-oil-export-levies.md) | +3.0% | +20.3% |
| 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% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2018/01/08/fgv-to-benefit-from-suspension-of-export-taxes/

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