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Indonesia's Trade Minister issued Regulation No. 56 of 2021 on September 24, setting the benchmark export price used to levy export duties on agriculture and forestry products, effective October 1, 2021. The article is a legal summary of the regulation's framework.
Changes to how export duty benchmarks are set affect the cost of Indonesian palm oil exports and can shift global vegetable oil supply and price levels.
amwpadvocates.comAMWPSep 24, 2021After 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.
