AreaMalaysia

Commodity GroupOilseeds, oils and meals

CommodityPalm oil

Date23/10/2023

Policy CategoryTrade

Policy InstrumentExport policy

DescriptionMaintained its CPO export rate for November 2023 at the maximum level of 8 percent, while lowering its reference price from MYR 3 710.50 (USD 792.5) per tonne to MYR 3 556.08 (USD 752.2) per tonne, resulting in a decrease of payable export duty to MYR 284.49 (USD 60.2) per tonne in November from MYR 296.84 (USD 63.4) per tonne in October.