# Malaysian Palm Oil  - Mundus Agri

> Malaysian palm oil prices fell to their lowest in three weeks as the ringgit strengthened and production expectations rose. Malaysia cut its August crude palm oil export tax to 5.5% from 6.5%, with a reference price of 2,699.54 ringgit per ton.

- Date: 2017-07-18 · published 2017-07-18T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/69836-malaysian-palm-oil-mundus-agri
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A stronger ringgit and a lower export tax with higher output expectations point to softer palm oil prices for foreign buyers.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: bearish ▼

## Sources

- mundus-agri.eu: https://www.mundus-agri.eu/news/malaysian-palm-oil.n1815.html

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