Indonesia reduced the export multiplier ratio for palm oil from 1:8 to 1:6 starting January 1, 2023, to boost domestic supply ahead of Ramadan and Eid. The Indonesian Palm Oil Association supports the measure but asks for frequent review given expected declines in first-quarter production.
Tighter export volume requirements restrict Indonesian palm oil exports, supporting global palm oil prices and tightening vegetable oil supply.
After 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.