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Indonesia's lower palm oil export tariffs took effect in early July, according to The Jakarta Post. The page text is mostly site navigation and does not give tariff levels or details.
Lower Indonesian export duties make Indonesian palm oil cheaper for buyers, which can pull export demand away from Malaysia and weigh on palm prices.
thejakartapost.comDivya KaryzaJul 2, 2021After 400 past bearish policy events, PALMOIL moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% 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.
