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Indonesia signed PMK 76/2021 on June 25, raising the progressive levy threshold from a CPO price of US$670 to US$750 per tonne, effective July 2. The levy ranges from US$55 to a maximum of US$175 per tonne while biodiesel funding is preserved.
A higher threshold means less levy on palm oil in the mid-price range, which reduces export costs and supports Indonesian export competitiveness and international palm oil prices.
mediabiodiesel.comFadil AdityaJun 29, 2021After 548 past bullish policy events, PALMOIL moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
After 196 past neutral policy events, SBO moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% 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.
