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Indonesia's government is considering revising the 7.5% crude palm oil export levy to improve competitiveness against other vegetable oils. Officials said reviews will occur every three or six months, with possible changes expected next year.
The levy funds replanting and biodiesel programs.
A cut to the export levy would make Indonesian palm oil cheaper abroad and could lift export flows, while a rise would support domestic supply and biodiesel funding, moving palm oil prices either way.
jakartaglobe.idAntaraNov 18, 2024After 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.
After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), 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.
