ANNOUNCEMENT 23 Dec 2020

In December 2020, Malaysia announced that the export duty on crude palm oil for January 2021 would be increased from 0% to 8%.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The Malaysia Palm Oil Board Notification of Export Duty Rate for January 2021: http://bepi.mpob.gov.my/images/export-duties-2021/01.%20EXPORT_DUTY_RATE_JAN%202021.pdf

The Malaysia Palm Oil Board Notification of Export Duty Rate for February 2021: https://price.mpob.gov.my/weekly/2021/1/2

The Malaysia Palm Oil Board Notification of Export Duty Rate for March 2021: https://price.mpob.gov.my/weekly/2021/2/3

The Malaysia Palm Oil Board Notification of Export Duty Rate for April 2021: https://price.mpob.gov.my/weekly/2021/3/3

The Malaysia Palm Oil Board Notification of Export Duty Rate for May 2021: https://price.mpob.gov.my/weekly/2021/4/3

The Malaysia Palm Oil Board Notification of Export Duty Rate for June 2021: https://price.mpob.gov.my/weekly/2021/5/3

The Malaysia Palm Oil Board Notification of Export Duty Rate for July 2021: https://price.mpob.gov.my/weekly/2021/6/3

The Malaysia Palm Oil Board Notification of Export Duty Rate for August 2021: https://bepi.mpob.gov.my/images/export-duties-2021/08.%20EXPORT_DUTY_RATE_AUG%202021.pdf

The Malaysia Palm Oil Board Notification of Export Duty Rate for September 2021: https://bepi.mpob.gov.my/images/export-duties-2021/09.%20EXPORT_DUTY_RATE_SEPT%202021.pdf

The Malaysia Palm Oil Board Notification of Export Duty Rate for October 2021: https://bepi.mpob.gov.my/images/export-duties-2021/10.%20EXPORT_DUTY_RATE_OCT%202021.pdf

The Malaysia Palm Oil Board Notification of Export Duty Rate for November 2021: https://bepi.mpob.gov.my/images/export-duties-2021/11.%20EXPORT_DUTY_RATE_NOV%202021.pdf

The Malaysia Palm Oil Board Notification of Export Duty Rate for December 2021: https://bepi.mpob.gov.my/images/export-duties-2021/12.%20EXPORT_DUTY_RATE_DEC%202021.pdf

The Malaysia Palm Oil Board Notification of Export Duty Rate for January 2022: https://bepi.mpob.gov.my/images/export-duties-2022/01.%20EXPORT_DUTY_RATE_JAN_2022.pdf

The Malaysia Palm Oil Board Notification of Export Duty Rate for February 2022: https://bepi.mpob.gov.my/images/export-duties-2022/02.%20EXPORT_DUTY_RATE_FEB_2022.pdf

The Malaysia Palm Oil Board Notification of Export Duty Rate for March 2022: https://bepi.mpob.gov.my/images/export-duties-2022/03_EXPORT_DUTY_RATE_MAC_2022.pdf

The Malaysia Palm Oil Board Notification of Export Duty Rate for April 2022: https://bepi.mpob.gov.my/images/export-duties-2022/04_EXPORT_DUTY_RATE_APR_2022.pdf

The Malaysia Palm Oil Board Notification of Export Duty Rate for May 2022: https://bepi.mpob.gov.my/images/export-duties-2022/05_EXPORT_DUTY_RATE_MAY_2022.pdf

The Malaysia Palm Oil Board Notification of Export Duty Rate for June 2022: https://bepi.mpob.gov.my/images/export-duties-2022/06.%20EXPORT_DUTY_RATE_JUNE_2022.pdf

The Malaysia Palm Oil Board Notification of Export Duty Rate for July 2022: https://bepi.mpob.gov.my/images/export-duties-2022/07.%20EXPORT_DUTY_RATE_JULY%202022.pdf

The Malaysia Palm Oil Board Notification of Export Duty Rate for August 2022: https://bepi.mpob.gov.my/images/export-duties-2022/08.%20EXPORT_DUTY_RATE_AUG%202022.pdf

Inception date: 01 Jan 2021 | Removal date: 31 Aug 2022

Export tax

On 22 December 2020, the Malaysian Palm Oil Board (MPOB) announced that the export duty of palm oil was increased from 0% to 8% after the reference value of the CPO market price reached RM 3,450 (USD 849.5) per tonne. The export duty of palm oil has been exempted from 1 July to 31 December 2020 as part of the PENJANA stimulus package (see related Act). 

The rate would be effective from 1 January - 31 January 2021. 

* RM to USD conversion as of 22 December 2020 - RM 4.06/USD

Update 1

On 11 January 2021, the Malaysian Palm Oil Board (MPOB) announced that the export duty of palm oil was still at 8% in February 2021 with reference to the CPO market price was at RM 3,657.67 (USD 903) per tonne.

Update 2

On 15 February 2021, the Malaysian Palm Oil Board (MPOB) announced that the export duty of palm oil was still at 8% in March 2021 with reference to the CPO market price was at RM 3,977.36 (USD 981.9) per tonne.

Update 3

On 15 March 2021, the Malaysian Palm Oil Board (MPOB) announced that the export duty of palm oil was still at 8% in April 2021 with reference to the CPO market price was at RM 4,331.48 (USD 1069) per tonne.

Update 4

On 19 April 2021, the Malaysian Palm Oil Board (MPOB) announced that the export duty of palm oil was still at 8% in May 2021 with reference to the CPO market price was at RM 4,533.40 (USD 1119) per tonne.

Update 5

On 17 May 2021, the Malaysian Palm Oil Board (MPOB) announced that the export duty of palm oil was still at 8% in June 2021 with reference to the CPO market price was at RM 4,627.40 (USD 1142) per tonne.

Update 6

On 14 June 2021, the Malaysian Palm Oil Board (MPOB) announced that the export duty of palm oil was still at 8% in July 2021 with reference to the CPO market price was at RM 4,668.15 (USD 1152) per tonne.

Update 7

On 15 July 2021, the Malaysian Palm Oil Board (MPOB) announced that the export duty of palm oil was still at 8% in August 2021 with reference to the CPO market price was at RM 3,975.92 (USD 979.7) per tonne.

Update 8

On 15 August 2021, the Malaysian Palm Oil Board (MPOB) announced that the export duty of palm oil was still at 8% in September 2021 with reference to the CPO market price was at RM 4,255.52 (USD 1048) per tonne.

Update 9

On 15 September 2021, the Malaysian Palm Oil Board (MPOB) announced that the export duty of palm oil was still at 8% in October 2021 with reference to the CPO market price was at RM 4,472.46 (USD 1104) per tonne.

Update 10

On 15 October 2021, the Malaysian Palm Oil Board (MPOB) announced that the export duty of palm oil was still at 8% in November 2021 with reference to the CPO market price was at RM 4,523.29 (USD 1116) per tonne.

Update 11

On 15 November 2021, the Malaysian Palm Oil Board (MPOB) announced that the export duty of palm oil was still at 8% in December 2021 with reference to the CPO market price was at RM 5,119.75 (USD 1374) per tonne.

Update 12

On 15 December 2021, the Malaysian Palm Oil Board (MPOB) announced that the export duty of palm oil was still at 8% in January 2022 with reference to the CPO market price was at RM 5,302.01 (USD 1362) per tonne.

Update 13

On 15 January 2022, the Malaysian Palm Oil Board (MPOB) announced that the export duty of palm oil was still at 8% in February 2022 with reference to the CPO market price was at RM 4,907.14 (USD 1210) per tonne.

Update 14

On 15 February 2022, the Malaysian Palm Oil Board (MPOB) announced that the export duty of palm oil was still at 8% in March 2022 with reference to the CPO market price was at RM 5,277.58 (USD 1301) per tonne.

Update 15

On 15 March 2022, the Malaysian Palm Oil Board (MPOB) announced that the export duty of palm oil was still at 8% in April 2022 with reference to the CPO market price was at RM 5,925.33 (USD 1460) per tonne.

Update 16

On 15 April 2022, the Malaysian Palm Oil Board (MPOB) announced that the export duty of palm oil was still at 8% in May 2022 with reference to the CPO market price was at RM 6,759.22 (USD 1665) per tonne.

Update 17

On 15 May 2022, the Malaysian Palm Oil Board (MPOB) announced that the export duty of palm oil was still at 8% in June 2022 with reference to the CPO market price was at RM 6,816.05 (USD 1678) per tonne.

Update 18

On 15 June 2022, the Malaysian Palm Oil Board (MPOB) announced that the export duty of palm oil was still at 8% in June 2022 with reference to the CPO market price was at RM 6,732.26 (USD 1657) per tonne.

Update 19

On 15 July 2022, the Malaysian Palm Oil Board (MPOB) announced that the export duty of palm oil was still at 8% in August 2022 with reference to the CPO market price was at RM 5,257.91 (USD 1294) per tonne.

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AFFECTED PRODUCTS