Malaysia Lowers January 2026 CPO Reference Price, Cuts Export Duty to 9.5%

The Malaysian Palm Oil Board (MPOB) announced on its website on Wednesday that Malaysia has lowered the crude palm oil (CPO) reference price for January 2026, resulting in a reduction of the export duty to 9.5%.

As the world’s second-largest palm oil exporter, Malaysia set the January reference price at 3,946.17 ringgit per tonne (about $966.25), down from 4,206.38 ringgit per tonne in December, when the export duty was levied at 10%.

Under Malaysia’s current export tax structure, crude palm oil is subject to an export duty starting at 3% when prices are between 2,250 and 2,400 ringgit per tonne. The duty rises progressively and reaches a maximum rate of 10% when prices exceed 4,050 ringgit per tonne. The lower reference price for January therefore translates into a reduced export duty of 9.5%.