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Indonesia's palm oil fund agency (BPDP) expects to collect 29 trillion rupiah from palm oil export levies in 2024, slightly below 2023 levels. The estimate assumes palm oil prices will fall next year.
Proceeds fund biodiesel subsidies and palm replanting.
Lower expected palm prices reduce levy revenue, which signals weaker assumed palm values. Levies feed the biodiesel subsidy that supports domestic palm demand, so the impact on prices is limited.
ukragroconsult.comDec 8, 2023
businesstimes.com.sgDec 7, 2023After 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.
