Malaysia’s Palm Oil Export Tax Declines to $98.84 per Ton in March

19-Feb-2025 10:51 AM

Malaysia’s Palm Oil Export Tax Declines to $98.84 per Ton in March
Kuala Lumpur: The Malaysian government has released the latest figures on palm oil export tax, setting the export tax for March 2025 at $98.84 per ton, which is $8.30 lower than in February 2025.
March 2025:
- Reference Price: 4,390.37 MYR
- Export Tax: 10%
- Export Tax (MYR): 439.03 MYR
- Export Tax (USD): 98.84 USD

February 2025:
- Reference Price: 4,817.70 MYR
- Export Tax: 10%
- Export Tax (MYR): 481.77 MYR
- Export Tax (USD):107.13 USD

Difference:
- Reference Price Decrease: 427.33 MYR
- No Change in Export Tax Rate (10%)
- Export Tax Reduction (MYR): 42.74 MYR
- Export Tax Reduction (USD): 8.30 USD
According to experts, this decline is due to fluctuations in global palm oil prices. Further adjustments in the export tax may occur in the coming months, depending on supply and demand conditions.  
With a lower export tax, export costs will decrease, encouraging higher exports. Malaysia aims to boost its palm oil exports globally.  

(Exchange Rate: 1 USD = 4.4420 MYR)