Indonesia set its February 2017 crude palm oil export tax at $18 per metric ton, up from $3 in January. The benchmark February CPO price was $815.5 per ton, which falls in the $800 to $850 band that triggers the higher tax.
The higher export tax raises the cost of Indonesian palm oil shipments and supports international palm prices. Exporters' competitiveness is reduced.
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.
Indonesia's February export tax hike from $3 to $18/t, announced Jan 28, raises export costs and may have weighed on palm prices ahead of the Feb 1 drop, though the size of the tax is small.