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Indonesia's finance ministry raised the progressive export duty ceiling for palm oil products from $670 to $750 per metric ton under regulation PMK 76/2021, effective July 2. Exporter levies are now capped below 30% of CPO price, down from a maximum of 36.4%.
A lower effective export tax makes Indonesian palm oil more competitive abroad, which supports export demand and palm oil prices. This is the same policy change covered in other articles, so its price effect overlaps with that change.
gapki.idJul 2, 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.
