
Malaysia kept its October crude palm oil export tax at 8%, per a circular from the Malaysian Palm Oil Board. The reference price for October was set at 4,472.46 ringgit per tonne, up from 4,255.52 ringgit in September.
A maximum export tax rate reflects high palm oil reference prices, which tightens the export margin and supports global vegetable oil prices.
After 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.