
Indonesia set its crude palm oil reference price at $954.71 per metric ton for September, up from $910.91 in August, according to a Trade Ministry regulation. The September export tax on crude palm oil rises to $124 per ton from $74, and a separate 10% export levy still applies.
A higher reference price lifts Indonesian export tax and costs for palm oil exporters, which tends to firm export prices and supports palm as a feedstock competitor to soyoil and meals.
After 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.
After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), 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.