Loading…
Malaysia kept its October 2023 crude palm oil export tax at 8% and cut its reference price to 3,710.50 ringgit per tonne from 3,755.13 ringgit for September. Indonesia's export tax and levy were unchanged at US$33 and US$85 per tonne.
A lower Malaysian reference price signals softer export values and can weigh on palm oil prices. Unchanged Indonesian levies leave export costs steady.
investor.idIndah HandayaniSep 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.
