Loading…
RHB Research maintained its neutral call on the regional plantation sector after Indonesia changed cooking oil and palm oil rules. The changes removed the cooking oil price ceiling, revoked a 30% domestic market obligation, and raised the CPO export tax and levy ceiling to $575 a tonne.
Higher export taxes and levies are expected to support global CPO prices by reducing Indonesian exports, though the broker sees limited net change for the sector.
businesstoday.com.myMar 18, 2022After 513 past neutral policy events, PALMOIL 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.
