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Indonesia's April 2024 CPO reference price rose to US$857.62/MT, up 7.3% from March. The export duty was set at US$52/MT and the export levy at US$90/MT, based on average prices from late February to late March.
A higher reference price raises the cost of Indonesian palm oil exports, which can support international palm prices. The duty and levy structure affects how much export margin exporters retain.
en.infosawit.comInfoSAWIT EnglishApr 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.
