- ITS, Amspec and SGS 1-25 April Malaysia export—Exports are expected to stay…
- SPPOMA 1-25 April production—In contrast to exports, production is seen…
- MPOA 1-20 April Malaysia production—Data was published just after mid-day close below. First 20 days of April output rose 7.24% within the expected range of 5—10%. Seasonal increase in yields pulled overall production higher set to mark second successive monthly rise. MPOA or Malaysia Palm Oil Association data covers around 36% or 2 million hectares of oil palm planted area with membership dominated by leading private transnational companies.
- Malaysia May CPO reference price and export tax— Malaysia May CPO reference was calculated at RM6759.22/ton (US$1570) which incurs the maximum export tax of 8%. The reference price was published during the second half of trading session is RM833.89 (US$67) higher than the April rate of RM5925.33/ton and against expectation of a reduction. The top tax rate of 8% was retained for the seventh successive month. With the ringgit in sharp decline, the duty payable in dollar will only see a marginal rise from April in US dollar terms. There are no taxes on other palm products, except for RBD PKO and CPKO taxed at a flat rate of 5% and 10% respectively.