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Indonesia raised its crude palm oil export duty from 3 to 18 USD per ton and its plantation fund tariff from 75 to 85 USD per ton, effective July 1, 2024. The change followed a reference price of 800.75 USD per ton.
Higher export costs reduce Indonesian export competitiveness and shift trade flows, which tends to support international palm oil prices while weighing on domestic Indonesian prices.
globaltradealert.orgJun 27, 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.
