News Capsule: Malaysia Maintains CPO Export Tax at 10% for July 2026; Tax Burden Falls by USD 3.36/Tonne
16-Jun-2026 10:50 AM
News Capsule: Malaysia Maintains CPO Export Tax at 10% for July 2026; Tax Burden Falls by USD 3.36/Tonne
★ Malaysia has kept its crude palm oil (CPO) export tax unchanged at 10% for July 2026. However, the reference price for July has been set at MYR 4,346.79 per tonne, down MYR 25.85 per tonne from MYR 4,372.64 per tonne in June.
★ As a result of the lower reference price, the effective export tax has also declined to MYR 434.68 per tonne from MYR 437.26 per tonne in June. In US dollar terms, the export tax has fallen from USD 110.85 per tonne to USD 107.49 per tonne, providing exporters with a relief of USD 3.36 per tonne.
★ Under Malaysia’s tax structure, the maximum export duty of 10% applies when the CPO reference price exceeds MYR 4,050 per tonne. Since the July reference price remains above this threshold, the export tax rate has been left unchanged.
★ Despite the stable tax rate, the slight reduction in the tax burden could improve the competitiveness of Malaysian palm oil exports. However, future market direction will continue to depend on global demand and purchasing activity from major importing countries.