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.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Soybean meal exports from the US set a historic record in March
Mercosur Prepares for Launch of New Beef Export Quota to the EU
Ukrainian corn exports focused on markets with short logistics
Canada significantly increased canola exports to China after normalization of rela...
World Prices for Vegetable Oils Reach Highest Level Since July 2022
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon