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Indonesia reduced its export levy on palm kernel shells from a range of 7-30% to 3-13%, depending on the crude palm oil market price. The regulation took effect January 12, 2022.
A lower levy makes palm kernel shells cheaper to export, a relatively minor change for feed and oilseed markets.
globaltradealert.orgJan 5, 2022After 1,570 past policy events, PALMOIL moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.5% over 20.
After 1,419 past policy events, SBO moved a median +0.1% 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.
