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11-Nov-2026 07:18 PM
Kuala Lumpur. Although the reference price for crude palm oil (CPO) in Malaysia for December 2026 has been estimated at a slightly lower level, a 10% export duty remains in effect, in accordance with the established formula. Under this formula, a 10% export duty is applied if the reference price for CPO exceeds 4,050 ringgit per tonne—a rule that continues to be in force. The export duty structure begins at a rate of 3% once the reference price surpasses 2,250 ringgit per tonne.
A circular issued by the Malaysian Palm Oil Board (MPOB) states that the reference price for crude palm oil for December has been set at 4,259.70 ringgit per tonne. While this is lower than the 4,323.78 ringgit per tonne recorded for November, it remains above the 4,050 ringgit per tonne threshold that triggers the 10% export duty.
For several months now, the reference price for crude palm oil in Malaysia has consistently exceeded 4,050 ringgit per tonne, resulting in the continued application of the 10% export duty.