Commodity News
SunSirs: Malaysia Lowers Palm Oil Export Tax Rate to 9.5% in June
May 22 2025 14:03:52 SunSirs (Selena)
The customs notice released on the website of the Malaysian Palm Oil Board (MPOB) stated that Malaysia has set the export tax on crude palm oil for June at 9.5%, lower than the 10% in May.
The reference price for crude palm oil in June was set at 3,926.59 ringgit per ton (914.9 US dollars), lower than the reference price of 4,449.35 ringgit per ton in May (1,008.2 US dollars, at the time the exchange rate was 1 US dollar to 4.413 ringgit). This means that the palm oil export tax levied in June was $86.9 per ton, a decrease of 13.8% from $100.8 in May.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
Related Information
- 2025-06-30 SunSirs: The European Union Imported 870,000 Tons of Palm Oil from Indonesia as of June 22
- 2025-06-27 SunSirs: China Palm Oil Market Fluctuated in June
- 2025-06-25 SunSirs: Commodity Intelligence Today (June 25, 2025)
- 2025-06-23 SunSirs: The Bullish Trend is still Existing, China Palm Oil Market is Fluctuating and Rising
- 2025-06-19 SunSirs: Commodity Intelligence Today (June 19, 2025)
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