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Malaysia kept its crude palm oil export duty at the maximum 8% for June but raised the monthly reference price to MYR 4,627.40/mt. The duty stays in force because prices remain above the MYR 3,450/mt threshold, and the net payable duty rises only slightly.
The small rise in net export duty is unlikely to change Malaysian export competitiveness against Indonesia, so the direct effect on palm prices is limited.
fastmarkets.comLiliana MintonMay 19, 2021After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
