KUALA LUMPUR (Jan 15): Malaysia has lowered its February crude palm oil reference price, a change that cuts the export duty to 9%, a circular on the Malaysian Palm Oil Board website showed on Thursday. The world's second largest palm oil exporter set a reference price of RM3,846.84 per metric tonne for February. The January reference price was RM3,946.17 a tonne, and incurred a duty of 9.5%. The export tax structure starts at 3% when crude palm oil prices are within the RM2,250 to RM2,400-per-tonne range. The maximum tax rate is set at 10%, when prices exceed RM4,050 a tonne.

Source: The Edge Markets January 15, 2026 06:34 UTC