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Indonesia's Palm Oil Plantation Fund Management Agency set the crude palm oil reference price at US$798.83 per tonne for September 16-30, 2023, which determines the export levy and out fee. The reference price is lower than the prior period.
A lower reference price reduces the export levy and out fee base, which can marginally support Indonesian export competitiveness. Price effect is limited.
palmoilmagazine.comPalmoilmagazineSep 19, 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.
