# Export tax suspension to boost upstream plantation players | Borneo Post Online

> FGV's chief executive said the CPO export tax suspension is timely given high stock levels and a stronger ringgit that pushed prices near RM2,500 per tonne. FGV expects 30-50% higher export volumes to India, Pakistan, China and Europe and projects first-quarter 2018 CPO prices at RM2,650 to RM2,750 per tonne. The company also cited Chinese New Year demand.

- Date: 2018-01-09 · published 2018-01-09T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/66873-export-tax-suspension-to-boost-upstream-plantation-players-borneo-post-online
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A producer forecast of 30-50% higher exports and a rebound to RM2,650-2,750 suggests tighter export availability and firmer Malaysian palm prices in the first quarter.

## Read by commodity

- USDMYR: 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 | 2016-11-26 | [US’ new biofuel mandate boon to M’sia’s plantation sector \| Borneo Post Online](https://feedsoft.ai/events/73930-us-new-biofuel-mandate-boon-to-m-sia-s-plantation-sector-borneo-post-online.md) | +3.7% | +4.4% |
| 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 | 2018-01-07 | [FGV to benefit from suspension of export taxes \| The Star](https://feedsoft.ai/events/66872-fgv-to-benefit-from-suspension-of-export-taxes-the-star.md) | -1.0% | -1.4% |
| PALMOIL | 2018-01-08 | [CPO export duty removal lauded, but trade war brewing \| Borneo Post Online](https://feedsoft.ai/events/67076-cpo-export-duty-removal-lauded-but-trade-war-brewing-borneo-post-online.md) | -1.0% | -1.4% |

## Sources

- theborneopost.com: https://www.theborneopost.com/2018/01/10/export-tax-suspension-to-boost-upstream-plantation-players/

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