Loading…
Indonesia's Industry Ministry said its progressive crude palm oil export levy and export duty structure, which is set monthly based on reference prices, has encouraged domestic downstream palm oil processing investment. Companies that previously only owned plantations are now building refining facilities.
Export levies that favor domestic processing redirect CPO away from exports toward local refining, which can tighten export availability. The effect on world palm prices is supportive but gradual.
antaranews.comSella Panduarsa GaretaOct 20, 2021After 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.
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.
