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RHB analysts say Indonesia's tax changes on palm oil could erode Malaysia's competitive edge in export markets. The note follows Indonesia's revised levy structure that lowers duties on palm products.
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A weaker Malaysian export position could shift buyer demand toward Indonesian palm oil and weigh on Malaysian benchmark prices.
nst.com.mySep 23, 2024After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% 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.
