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Indonesia set the crude palm oil reference price for August 2024 at US$820.11 per metric ton, up 2.42% from July. The out fee was set at US$33 per ton and the export levy at US$85 per ton for August 1 to 31.
The fees are based on the reference price.
These routine monthly fee settings reflect existing policy and modestly raise the cost of Indonesian palm oil exports. The change is small and largely expected.
palmoilmagazine.comPalmoilmagazineAug 6, 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.
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.
