Malaysia lowers December CPO reference price, keeps export duty at 10%

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Aleksandra Chaikina

11.11.2026

Malaysia lowers December CPO reference price, keeps export duty at 10% — CPO reference price remains high

Malaysia’s adjustment to the crude palm oil reference price for December leaves the existing maximum export duty rate unchanged. The change comes as the monthly reference price remains above the RM4,050-per-tonne threshold that triggers a 10% levy.

Highlights

Malaysia’s crude palm oil reference price for December was set at RM4,259.70 per ton, down from RM4,323.78 per ton in November.
Malaysia’s crude palm oil export duty remains at the maximum rate of 10% for December despite the lower reference price.
Malaysia’s palm oil export tax structure retains a 10% rate when prices exceed RM4,050 per ton, unchanged after the December revision.

This article was translated from the original. Read the original version by our correspondent here.

December reference price review

As reported by The Edge Malaysia, citing a circular on the Malaysian Palm Oil Board’s website, Malaysia’s crude palm oil reference price for December was set at RM4,259.70 per metric ton.

This is lower than November’s reference price of RM4,323.78 per ton, but the export duty remains at 10%.

Impact on the palm oil export tax structure

Malaysia’s export tax structure starts at 3% for crude palm oil priced between RM2,250 and RM2,400 per ton.

The maximum tax rate is 10% when prices exceed RM4,050 per ton, indicating that the December revision does not change the duty burden on the country’s palm oil export shipments.

Previously, we reported on November’s CPO reference price, which was lowered while the 10% export duty remained in place.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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