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Indonesia will launch its crude palm oil futures exchange on October 13, according to the report. Authorities had earlier planned to require all CPO exports to trade through the exchange to create regional benchmarks similar to Kuala Lumpur and Rotterdam.
The planned export requirement could have shifted how Indonesian palm supply is priced and sold, creating uncertainty for vegetable oil buyers.
reuters.comDewi KurniawatiOct 11, 2023After 513 past neutral policy events, PALMOIL moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
