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Reuters traces the sequence of Indonesia's palm oil policy changes, from rising cooking oil prices starting in November to the authorities' efforts to contain costs. It also notes President Widodo's willingness to act tough on exports.
The chronology shows the policy is driven by domestic cooking oil inflation, so further reversals remain possible and keep palm oil prices uncertain.
reuters.comBernadette ChristinaApr 29, 2022After 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.
