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Indonesia's Trade Ministry set the crude palm oil export duty for 16-31 January 2023 at US$74 per tonne, up 42% from US$52 for the prior half-month. The increase follows a 7.17% rise in the CPO reference price used for duty and levy calculation.
A higher export duty raises the cost of Indonesian palm oil exports, supporting international vegetable oil prices and tightening the competitive balance against soyoil and other substitutes.
pwc.comPricewaterhouseCoopersJan 18, 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.
