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Malaysia kept its April crude palm oil export duty at 8%. The reference price rose to RM4,031.45 per tonne for April from the March level.
The tax structure ranges from 3% to 8% depending on the reference price.
A higher reference price signals firm Malaysian palm oil values, while the unchanged 8% duty keeps export costs steady.
ukragroconsult.comMar 24, 2023
tridge.comVictor LangatMar 23, 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.
