Loading…
Indonesia's Finance Minister issued Regulation No.130/PMK.05/2022 on August 31, 2022, raising plantation fund tariffs on palm oil and derivative exports, effective November 1, 2022. The tariff increase applies to exports of palm oil products.
Higher export tariffs raise the cost of Indonesian palm oil exports, which can support international palm oil prices and reduce export competitiveness.
globaltradealert.orgAug 31, 2022After 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.
