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Malaysian palm oil exports fell 12% month on month to 1.418 million tons in October 2021, slightly better than forecast. Analysts expect Malaysian exports to rise in November because Malaysia's export duty is lower than Indonesia's, after Indonesia set a November CPO reference price of US$1,283.38/ton and an export tax of US$200/ton.
A lower Malaysian duty relative to Indonesia can shift export business toward Malaysia and affect regional palm oil trade flows. The effect on global palm oil prices is limited.
en.infosawit.comNov 13, 2021After 67 past neutral trade events, PALMOIL moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), and +0.6% 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.
