Malaysia lowers January crude palm oil reference price to level where duty is 9.5%
Malaysia has lowered its January 2026 crude palm oil reference price to a level that lowers the export duty to 9.5%, a circular on the Malaysian Palm Oil Board (MPOB) website showed on Wednesday.
The world’s second-largest palm exporter calculated a reference price of RM3,946.17 (US$966.25) per metric tonne for January. The December reference price was RM4,206.38 a tonne, and incurred a duty of 10%.
The export tax structure starts at 3% for crude palm oil in a RM2,250 to RM2,400-per-tonne range. The maximum tax rate is set at 10% when prices exceed RM4,050 a tonne.
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