In January, the rate of duty is 5 per cent. Earlier, from may to December 2019, the rate of duty was set to zero in order to stimulate exports of palm oil from Malaysia.

The base price of 1 ton of palm oil in Malaysia for February set in size 2907,63 of the ringgit, which is currently $714,86.

Traders believe that the increase in the rate of duty will result in a reduction of exports of CPO from Malaysia, but will contribute to the growth of recycling. Also, the projected decrease in the difference in price between Malaysian and Indonesian palm oil. To raise fees, the discount on the products from Malaysia accounted for about $42 per ton compared to the Indonesian "tree".