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Malaysia kept its December 2023 crude palm oil export duty at the maximum 8% and raised the reference price to 3,589.09 ringgit per ton from 3,556.08 for November. The duty structure tops out at 8% when prices exceed 3,450 ringgit.
A maximum duty keeps Malaysian crude palm oil export margins tight and supports refined oil pricing in importing markets, while the higher reference price signals firm palm prices.
ukragroconsult.comNov 24, 2023After 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.
