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Malaysia's Deputy Plantation Industries Minister Wee Jeck Seng said the government will monitor the palm oil industry after Indonesia scrapped its export levy until Aug. 31.
He said the move affects Malaysian palm oil exports, which the government will examine closely.
Monitoring statements signal possible future policy response from Malaysia but no immediate supply change. Price effects remain tied to Indonesia's levy decision.
thesun.myThe Sun WebdeskJul 19, 2022After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
