Malaysia Cuts Export Reference Price

26-Jun-2025 09:24 AM

Malaysia Cuts Export Reference Price
★ For July 2025, the Malaysian government has set the export reference price for palm oil at 3,730.48 MYR per tonne, which is 196.11 MYR lower than the June 2025 level of 3,926.59 MYR.
★ The export duty rate has also been reduced from 9.5% in June to 8.5% for July.
★ As a result, the export tax amount has dropped from 373.03 MYR in June to 317.09 MYR in July.
★ In US dollar terms, the export tax has decreased from USD 86.65 to USD 74.86 — a decline of about USD 11.79.
★ Malaysia has reduced export costs to boost outbound shipments.