# Palm oil falls - Markets - Business Recorder

> Malaysian palm oil futures fell over 1% on Friday, weighed by weaker Dalian and Chicago soyoil, though the November contract gained 1.5% for the week. Indonesia set its September crude palm oil export reference price 13% higher, lifting the implied export tax from $93 to $166 per tonne, and the EPA reportedly recommended retroactively lowering 2020 biofuel blending mandates.

- Date: 2021-08-25 · published 2021-08-25T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/45655-palm-oil-falls-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A higher Indonesian export tax tightens export flows and supports palm prices, while a possible US biofuel mandate cut would reduce soyoil demand and weigh on vegetable oil values, including soybean oil and palm oil.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-04-17 | [Malaysia keeps May crude palm oil export duty at 8% - Markets - Business Recorder](https://feedsoft.ai/events/15742-malaysia-keeps-may-crude-palm-oil-export-duty-at-8-markets-business-recorder.md) | +1.5% | -4.7% |
| PALMOIL | 2024-01-23 | [Malaysia keeps February crude palm oil export duty at 8% - Markets - Business Recorder](https://feedsoft.ai/events/15671-malaysia-keeps-february-crude-palm-oil-export-duty-at-8-markets-business.md) | +0.4% | -0.9% |
| PALMOIL | 2023-10-17 | [Malaysia keeps November crude palm oil export duty at 8% - Markets - Business Recorder](https://feedsoft.ai/events/15693-malaysia-keeps-november-crude-palm-oil-export-duty-at-8-markets-business.md) | -0.6% | +2.6% |
| PALMOIL | 2021-01-11 | [Indonesia refined palm oil exports to rise in 2021 on tax changes - Markets - Business Recorder](https://feedsoft.ai/events/49037-indonesia-refined-palm-oil-exports-to-rise-in-2021-on-tax-changes-markets.md) | -6.2% | -12.3% |
| PALMOIL | 2017-02-26 | [Edible oil prices to rebound \| News on Markets - Business Standard](https://feedsoft.ai/events/7063-edible-oil-prices-to-rebound-news-on-markets-business-standard.md) | -3.0% | -4.8% |
| SBO | 2023-04-28 | [Palm oil slumps to over 6-month low - Markets - Business Recorder](https://feedsoft.ai/events/4387-palm-oil-slumps-to-over-6-month-low-markets-business-recorder.md) | -1.7% | -8.4% |
| SBO | 2022-04-01 | [Palm falls 3pc as India extends stock limit - Markets - Business Recorder](https://feedsoft.ai/events/5914-palm-falls-3pc-as-india-extends-stock-limit-markets-business-recorder.md) | +271.3% | +288.9% |
| SBO | 2023-04-28 | [Palm oil logs sharpest monthly loss in seven months - Markets - Business Recorder](https://feedsoft.ai/events/4381-palm-oil-logs-sharpest-monthly-loss-in-seven-months-markets-business-recorder.md) | -1.7% | -8.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40115753
- brecorder.com: https://www.brecorder.com/news/40116276

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.