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Indonesia's CPO reference price for export duties and levies rose to $889.77 per tonne for 1-15 March 2023. The government set the export duty at $74 per tonne and the export levy at $95 per tonne for that period.
The reference price moved further above the $680 threshold.
Higher reference prices raise Indonesian export tax and levy costs, which can weigh on export competitiveness, while confirming firm palm oil prices.
voi.idFakhri RezyMar 1, 2023After 548 past bullish policy events, PALMOIL 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.
