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Indonesia's February 2022 CPO reference price rose to US$1,314.78 per tonne, up 0.54% from January. The government kept the export levy at US$200 per tonne and set the export tax at US$175 per tonne.
Officials cited intense rain, labour shortages and higher crude oil prices as factors behind the price rise.
Export levies and taxes set by the reference price change the cost of exporting Indonesian palm oil and influence the price gap between domestic and world markets.
en.infosawit.comInfoSAWIT EnglishFeb 3, 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.
