Lang
Malaysia, positioned as the world’s second-largest exporter of palm oil, has officially increased its calculated reference price for crude palm oil (CPO) for the upcoming month of August 2026. Despite this upward price adjustment, the country's export duty rate is set to remain steady at its peak of 10%.
According to an official circular published on the website of the Malaysian Palm Oil Board on Wednesday, July 15, 2026, the newly designated reference price for August has been calculated at RM4,412.19 per metric tonne. This represents an increase compared to the previous month, where the July reference price was established at RM4,346.79 per metric tonne.
The export tax framework implemented by the Malaysian government is structured on a progressive scale. It initiates at a minimum rate of 3% for crude palm oil priced within the range of RM2,250 to RM2,400 per metric tonne. As market prices rise, the tax rate scales up incrementally, reaching its maximum threshold of 10% whenever CPO reference prices surpass the level of RM4,050 per metric tonne. Because the calculated August price remains well above this threshold, the maximum 10% duty will continue to apply to exporters.
Source: The Star