Palm oil duty
Malaysia cuts Jan crude palm oil reference price; export duty down to 9.5%
This story was originally published at 15:42 IST on 17 December 2025
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MUMBAI – Malaysia has cut its reference price for crude palm oil in January, reducing the export duty to 9.5%, the Malaysian Palm Oil Board said in a circular on Wednesday. Since palm oil prices are now below the threshold for the highest tax rate, exporters will pay slightly less duty.
The world's second-largest palm exporter set a reference price of 3,946.17 ringgit ($966.25) per tonne for January. The December reference price was 4,206.38 ringgit per tonne, with the duty rate at 10%, according to the circular.
The export tax structure starts at 3% for crude palm oil for prices ranging from 2,250 ringgit to 2,400 ringgit per tonne. The maximum tax rate is 10% when the reference price exceeds 4,050 ringgit per tonne. End
Reported by Taniva Singha Roy
Edited by Saji George Titus
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