ANNOUNCED AS TEMPORARYYes
On 1 May 2018, the export duty on crude palm oil (CPO) was reintroduced. The rate of duty was set at 5% for the month of May. Prior to May 2018, the duty was temporarily removed for a period of 4 months in an effort to reduce the high CPO stockpile, see related state act. The Malaysian authorities later extended the above duty for the month of June, July and August.
The Malaysian crude palm oil export tax is based on a variable scheme, which is determined by the CPO market price set by the Malaysian government monthly.
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