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Indonesia's finance ministry revised its crude palm oil export tax under regulation PMK 76/2021, raising the progressive tariff threshold to $750/MT from $670/MT. Officials said the change aims to make palm products more competitive internationally, though smallholders may bear the burden.
A reduced export tax load improves Indonesian palm exports and supports palm oil prices. The policy change also offers less direct support to smallholders, which may limit production response.
en.infosawit.comJul 1, 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.
