Loading…
Indonesia's trade minister issued Regulation No.1157/2023 on 12 July, introducing a crude palm oil export duty of US$3/tonne and raising the plantation fund levy from US$75 to US$85/tonne. The measures took effect 16 July 2023 and were later revoked or revised.
New and higher export charges on Indonesian crude palm oil raise export costs and tighten availability, supporting global palm oil prices.
globaltradealert.orgJul 12, 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.
