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Indonesia set the CPO reference price at US$826.48 per metric ton for August 1 to 15, 2023, up US$35.46 or 4.48% from the prior period. The export levy was set at US$85 per ton and the out fee at US$33 per ton.
A higher reference price raises the base for Indonesian export levies and duties, which can narrow the export margin and shape palm oil export pricing.
palmoilmagazine.comPalmoilmagazineAug 3, 2023After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
