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The reference price for Indonesian crude palm oil for January 1-15, 2024 was set at $746.69 per ton, down $20.82 or 2.71% from the prior period. The government will charge a $18 per ton export duty and a $75 per ton levy.
The decline in the reference price lowers the export duty and levy base, which slightly eases export costs but reflects weaker regional palm oil prices.
palmoilmagazine.comPalmoilmagazineJan 1, 2024After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% 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.
