Malaysia's government suspended palm oil export duties from January 8 to April 7, 2018, to halt a falling palm oil price. The exemption would end early if palm oil stockpiles fell to 1.6 million tonnes.
Felda chairman Shahrir Samad said the move was to stabilise market prices and that a protest petition against an EU palm oil import ban would proceed.
Suspending the export duty lowers the cost of exporting palm oil and is intended to draw down stocks, which supports Malaysian palm oil prices. The early-exit trigger ties the policy directly to inventory levels.
Nach 548 vergangenen Ereignisse (bullisch, Politik) bewegte sich Palmöl im Median über 5 Handelstage um +0,4 % (61% höher; mittlere Hälfte -0,7 % bis +2,1 %) und über 20 Handelstage um +0,9 %.
Veränderungen des Benchmarks jedes Rohstoffs seit dem letzten Schluss vor dem Ereignis. Historische Werte bündeln frühere Ereignisse derselben Art; sie beschreiben, was passiert ist, nicht was passieren wird. Keine Anlageberatung.
The government's export duty suspension from Jan 8 to Apr 7, aimed at halting falling prices, supports prices through a policy-driven demand and sentiment boost.