# Malaysia to raise CPO export tax next month | The Star

> 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.

- Date: 2017-06-16 · published 2017-06-16T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/70365-malaysia-to-raise-cpo-export-tax-next-month-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## 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.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-03-16 | [Malaysia to cut CPO export tax to 5% in April following lower prices in Q1  : The Daily Digest](https://feedsoft.ai/events/54011-malaysia-to-cut-cpo-export-tax-to-5-in-april-following-lower-prices-in-q1-the.md) | -1.5% | -4.6% |
| PALMOIL | 2017-04-05 | [Malaysia worried EU resolution could dent palm oil exports \| The Star](https://feedsoft.ai/events/71390-malaysia-worried-eu-resolution-could-dent-palm-oil-exports-the-star.md) | -0.3% | -1.6% |
| 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 | 2017-07-19 | [Malaysia to export excess biodiesel products - The Malaysian Reserve](https://feedsoft.ai/events/69838-malaysia-to-export-excess-biodiesel-products-the-malaysian-reserve.md) | +1.4% | +4.0% |
| PALMOIL | 2017-10-12 | [Malaysia Raises Palm Oil Export Tax To 6.5% For November From 6.0% In October - Nikkei Asia](https://feedsoft.ai/events/68335-malaysia-raises-palm-oil-export-tax-to-6-5-for-november-from-6-0-in-october.md) | +0.9% | +4.1% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2017/06/16/malaysia-to-raise-cpo-export-tax-next-month/

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