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Malaysia trimmed its December 2026 crude palm oil reference price by about 1.3% from November. The price remains above the top tax threshold, so the maximum 10% export duty still applies.
Futures and physical prices firmed in early November on stronger rival vegetable oils.
The export duty stays at its maximum, so exporter margins see little relief and Malaysian export competitiveness against Indonesia is unchanged, leaving prices driven by demand and stocks.
commodity-board.comCMB NewsNov 12, 2026After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
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.
