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.
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Related Information
- 2025-08-29 SunSirs: Malaysia's Palm Oil Production Increased by 3.03% Month on Month from August 1 to 20
- 2025-08-28 SunSirs: Agricultural and Sidelines Industries Bulk Commodity Intelligence (August 28, 2025)
- 2025-08-28 SunSirs: China Palm Oil Market Oscillates and Rises in August
- 2025-08-26 SunSirs: Agricultural and Sidelines Industries Bulk Commodity Intelligence (August 26, 2025)
- 2025-08-21 SunSirs: Long and Short Positions, China Palm Oil Market Oscillates and Rises
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