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Indonesia will require palm oil exporters to obtain export permits from the Trade Ministry starting January 24, 2022. The move is aimed at controlling soaring domestic cooking oil prices.
Export permits give authorities a way to restrict overseas shipments, cutting available supply to world markets and supporting palm oil prices.
reuters.comBernadette Christina, Fransiska NangoyJan 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.
