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
Ukrainian farmers may leave corn unharvested due to poor profitability — opinion
Palm oil prices rise to a 20-month high
Spain prepares €470 mln deal that could create a new olive oil giant
Zimbabwe proposes limiting vegetable oil imports and reducing the cost of wheat im...
Grain hopper rates in Ukraine could rise 3–4 times this autumn due to port disrupt...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon