◂ Event Timeline

Jun 16, 2017POLICYMalaysia

Malaysia to raise CPO export tax next month

Malaysia will raise its crude palm oil export tax to 6.5% for July from 6% in June, after lowering it for a third straight month. The Malaysian Palm Oil Board set the July reference price at RM2,890.04 (US$676.35) per tonne.

WHY IT MATTERS

A higher export tax makes Malaysian palm oil less competitive abroad and can lower domestic farm-gate prices, which tends to weigh on palm oil and its competing vegetable oils.

AFFECTSPalm Oil▼

SOURCE
thestar.com.myThe Star OnlineJun 16, 2017

Price reaction & history

Palm Oil▼bearishSO FAR1d -0.6%5d -1.1%20d +2.2%

After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.

Mar 16, 2020Malaysia to cut CPO export tax to 5% in April following lower prices in Q1 : The Daily Digest-1.5%
Apr 5, 2017Malaysia worried EU resolution could dent palm oil exports | The Star-0.3%
May 20, 2022Malaysia to reduce palm oil export tax, biodiesel mandate+2.6%
Jul 19, 2017Malaysia to export excess biodiesel products - The Malaysian Reserve+1.4%
Oct 12, 2017Malaysia Raises Palm Oil Export Tax To 6.5% For November From 6.0% In October - Nikkei Asia+0.9%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Palm Oil PALMOIL · GP ▸

——— · ·

Loading…