RHB Research is reviewing its 2026 crude palm oil price assumption of RM4,250 per tonne after Indonesia decided to raise export levies on CPO and refined products from March 1. RHB will also adjust plantation earnings forecasts to reflect the new tax structure.
Higher export levies could change global palm oil supply-demand balances, and analyst revisions to price forecasts show the market is reassessing the outlook.
After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.