Loading…
Indonesia's crude palm oil reference price for 1-15 July 2023 was set at US$747.23/tonne, up about 3.3% from the prior period. The trade ministry set the export duty at US$18/tonne and the levy at US$75/tonne.
July exports were down 1.51% from June and 19.25% year on year.
Higher reference prices and export charges raise the cost of Indonesian palm oil exports, supporting palm oil prices and substitute oils.
palmoilmagazine.comPalmoilmagazineJul 2, 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.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% 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.
