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Indonesia will tighten palm oil export rules from January 1, allowing exporters to ship six times their domestic sales volume, down from eight. The move is intended to secure domestic supply, especially in the first quarter of 2023, and the ratio will be reviewed periodically.
A lower export-to-domestic ratio cuts Indonesian shipments available to world markets, tightening global vegetable oil supply and supporting palm and soyoil prices.
aljazeera.comReutersJan 1, 2023After 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 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), 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.
