
The Indonesian government will raise the CPO export levy from 7.5% to 10% to support biodiesel subsidies under B40, starting January 1, 2025. The levy takes effect after the finance minister issues the regulation.
Processed palm oil product rates have not yet been detailed.
The levy increase tightens export availability and supports international palm oil prices, while subsidy needs for the larger biodiesel blend add to domestic demand.
After 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.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% 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.