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Indonesia's Ministry of Trade set the March 2018 CPO reference price at US$708.60 per tonne, up from US$694.27 in February. Because the price remains below the US$750 threshold, the government set the March 2018 CPO export fee (OF) at zero, unchanged from February.
A zero export levy removes a cost for Indonesian exporters, which supports export flows and can lift palm oil prices. The change is modest because the fee was already zero in February.
en.infosawit.comFeb 28, 2018After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
