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Indonesia imposed a mandatory domestic sales requirement on palm oil starting January 27, 2022. Crude palm oil is capped at 9,300 rupiah per kg and olein at 10,300 rupiah per kg.
Forced domestic sales reduce export availability from the largest palm oil exporter, which tends to lift world palm oil prices.
reuters.comBernadette Christina, Fransiska NangoyJan 27, 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.
