Malaysia raises palm oil export duty for April
The Malaysian Palm Oil Board (MPOB) has issued a notice stating that the export duty on crude palm oil in April has been set at 9.5%, higher than the 9.0% in March.
In a statement, MPOB said the base price for crude palm oil in April 2026 was set at RM3,935.19 per tonne ($999.29), up from RM3,896.09 per tonne ($998.23 at $3.05). This means that the export tax on palm oil collected in April was $94.93 per tonne, up 5.67% from the previous month.
The Malaysian Palm Oil Board (MPOB) in April raised the export tax on crude palm oil from 9.0% to 9.5%, bringing the base price to RM3,935.19 per tonne and the export tax up 5.67% from the previous month. This The policy increases export costs and could suppress international demand, leading to inventory accumulation and oversupply in producing countries, thereby reducing pressure on spot palm oil prices.
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