Malaysia lowers December crude palm oil reference price, maintains 10% export duty

Malaysia has lowered its crude palm oil (CPO) reference price for December 2026 to MYR 4,206.38/ton, compared with MYR 4,262.23/ton in November. This represents a decrease of MYR 55.85, or 1.3%. The figures were published by the Malaysian Palm Oil Board (MPOB).

Despite the lower reference price, the export duty on crude palm oil will remain at the maximum rate of 10% in December. This is because the reference price continues to exceed the threshold at which the highest export tax rate applies.

Under the current export duty structure, the minimum rate of 3% applies when the reference price ranges from MYR 2,250 to MYR 2,400/ton. As the reference price increases, the duty rate rises progressively, reaching the maximum of 10% when prices exceed MYR 4,050/ton.

As a result, the December reference price remains MYR 156.38/ton above the threshold for the maximum export duty.

Tags: Crude palm oil, Malaysia