
Malaysia will raise its crude palm oil export duty from 1 November, with rates of 8.5% to 10% depending on price band. Indonesia's combined export duty and levy also rises sharply for November, adding about US$54 per tonne.
Higher export taxes in the two largest producers can shift purchases ahead of the change and tighten exportable supply, supporting palm prices.
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.
Higher Malaysian and Indonesian export duties from Nov 1 spurred forward buying ahead of the changes and raised the cost of exported palm oil, supporting prices.
Higher Malaysian and Indonesian export duties from Nov 1 tighten export supply and spur pre-duty buying, supporting prices.
Higher export duties in Malaysia and Indonesia effective Nov 1 raise export costs and signal tighter exportable supply, supporting prices.