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Malaysia raised its crude palm oil export tax for March 2017 to 8.0% a ton from 7.5% in February. The benchmark May futures fell to a two-month low of 2,861 ringgit on concerns that the higher levy will hurt overseas demand.
A higher export levy raises the cost of Malaysian palm oil abroad and can reduce export demand, adding to bearish pressure on palm prices. The increase is modest, though, and analysts expect limited earnings impact.
customstoday.mediaCT Report18.02.2017Nach 400 vergangenen Ereignisse (bearisch, Politik) bewegte sich Palmöl im Median über 5 Handelstage um -0,0 % (49% höher; mittlere Hälfte -1,3 % bis +1,1 %) und über 20 Handelstage um +0,2 %.
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 export tax increase for March (8.0% from 7.5%) hurts overseas demand and was cited for the drop to a two-month low, which is a plausible contributor, but the article is dated 18 Feb and the tax timing is uncertain.
