Palm oil drops 3% as Argentina lifts soyoil export tax - Markets

After 399 past bearish policy events, PALMOIL moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.

• Sep 15, 2022Palm dips as stocks rise, Malaysia raises effective export tax - Markets - Business Recorder-1.4%
• Jun 12, 2024Malaysia keeps July crude palm oil export duty at 8% - Markets - Business Recorder-0.3%
• Jan 31, 2023Palm drops 3% as Indonesia keeps domestic sale rule - Markets - Business Recorder-1.0%
• Apr 28, 2023Palm oil slumps to over 6-month low - Markets - Business Recorder-9.7%
• May 19, 2021Palm slips 3.5pc on higher export tax reference price, weaker rivals - Markets - Business Recorder-4.3%

After 351 past bearish policy events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.

• Aug 25, 2021Palm oil falls - Markets - Business Recorder-1.4%
• Jan 31, 2023Palm drops 3% as Indonesia keeps domestic sale rule - Markets - Business Recorder-3.9%
• Apr 28, 2023Palm oil slumps to over 6-month low - Markets - Business Recorder-1.7%
• May 19, 2021Palm slips 3.5pc on higher export tax reference price, weaker rivals - Markets - Business Recorder-1.2%
• Apr 1, 2022Palm falls 3pc as India extends stock limit - Markets - Business Recorder+271.3%