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Indonesia set the CPO reference price for 1-15 June 2023 at US$811.68/ton, down 9.13% from the prior period. The export levy was set at US$85/MT and the out fee at US$33/MT for the period.
A lower reference price reduces the levy and fee burden on palm oil exports, which can modestly support export flows and weigh on palm oil prices. The effect is routine and limited in size.
en.infosawit.comInfoSAWIT EnglishJun 2, 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.
After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), 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.
