# Malaysia Raises Palm Oil Export Tax To 6.5% For November From 6.0% In October - Nikkei Asia

> Malaysia raised its crude palm oil export duty to 6.5% for November from 6.0% in October, according to a government statement. Malaysia is the world's second-largest palm oil producer after Indonesia.

- Date: 2017-10-12 · published 2017-10-12T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/68335-malaysia-raises-palm-oil-export-tax-to-6-5-for-november-from-6-0-in-october
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A higher export levy raises the cost of Malaysian palm oil in export markets and can pressure Malaysian futures. The effect on global palm prices depends on how the levy is passed through.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 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) | +2.6% | -7.0% |
| PALMOIL | 2017-02-18 | [Malaysia raises tax on palm oil for March shipments – Customs Today Newspaper](https://feedsoft.ai/events/11858-malaysia-raises-tax-on-palm-oil-for-march-shipments-customs-today-newspaper.md) | -0.9% | -5.4% |
| PALMOIL | 2019-11-19 | [Malaysia to levy additional 1-ringgit tax on palm oil next year - Nikkei Asia](https://feedsoft.ai/events/55945-malaysia-to-levy-additional-1-ringgit-tax-on-palm-oil-next-year-nikkei-asia.md) | +1.7% | +10.8% |
| PALMOIL | 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) | -1.4% | — |
| PALMOIL | 2020-06-05 | [Malaysia exempts palm oil from export duty - Business Recorder](https://feedsoft.ai/events/52493-malaysia-exempts-palm-oil-from-export-duty-business-recorder.md) | +1.7% | +1.1% |

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/nikkei-markets/malaysia-raises-palm-oil-export-tax-to-6.5-for-november-from-6.0-in-october

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