Loading…
Indonesia's trade regulator Bappebti plans to set a domestic crude palm oil benchmark price by year-end, requiring CPO exports to go through futures exchanges from June. The aim is to reduce reliance on Rotterdam and Malaysian price references.
Mandatory exchange-based exports could change how Indonesian palm oil is priced and add trade friction, creating some uncertainty for export flows. The price effect is unclear for now, so the impact is modest.
thejakartapost.comDivya KaryzaMar 2, 2023After 513 past neutral policy events, Palm Oil 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.
