The Malaysian government is revising its export tax on crude palm oil (CPO) starting November 1, increasing the ceiling to 10% for prices above RM4,050 per tonne and adding new tax brackets for lower prices. This change aims to boost domestic refining activities by encouraging more CPO processing within Malaysia, thereby reducing crude exports and enhancing the creation of value-added products. The revision comes after Indonesia lowered its CPO export levy to a fixed 7.5%, which remains higher than Malaysia's rates. The new tax structure is expected to benefit Malaysia's downstream sector by retaining more CPO for local refining.