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Indonesia added new brackets to its crude palm oil export levy covering prices between $1,000 and $1,500 a tonne. The maximum levy is set at $375 a tonne above $1,500, and the levy rises $20 a tonne for every $50 price increase.
A price-linked levy that rises with palm oil prices reduces the exportable surplus as prices climb, which supports global palm oil prices.
news.bloombergtax.comEko ListiyoriniMar 18, 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.
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.
