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Indonesia set its July 2024 crude palm oil export levy at US$85 per ton and out fee at US$33 per ton, after the reference price rose 2.82% to US$800.75 per ton. The reference price is based on average prices from the Indonesian, Malaysian and Rotterdam exchanges.
A higher reference price triggers higher levies and out fees on Indonesian exports, raising the cost of Indonesian palm oil and supporting world palm prices. The change is modest.
palmoilmagazine.comPalmoilmagazineJul 3, 2024After 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.
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.
