Loading…
On 10 February 2022 Indonesia introduced a domestic market obligation requiring exporters of crude palm oil, refined palm olein and other palm mixtures to sell 20% of export volume at home. The rule was set under Trade Ministry Regulation No. 129/2022 and was slated to run until 10 March 2022.
Diverting a fifth of Indonesian export volume to a capped domestic market tightens palm supply available for export, supporting global palm and soyoil prices while lowering Indonesian domestic prices.
globaltradealert.orgFeb 10, 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.
