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Indonesia set its crude palm oil reference price for November 1-15, 2023 at US$748.93 per ton, up 1.11% from the prior period. The export levy was set at US$75 per ton and the out fee at US$18 per ton.
The reference price drives Indonesian export levies, and the modest increase reflects firmer palm prices, slightly raising the cost of Indonesian palm exports.
en.infosawit.comInfoSAWIT EnglishNov 4, 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.
