
Indonesia raised its February crude palm oil reference price to US$806.40/tonne from US$774.93, according to a trade ministry circular. The increase moved the export levy to US$85/tonne and the export duty to US$33/tonne from US$75 and US$18 previously.
Higher export taxes make Indonesian palm oil dearer for buyers abroad, which can shift demand toward rival vegetable oils and support palm oil prices relative to alternatives.
After 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.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% 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.