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Indonesia set its April 2021 crude palm oil reference price at US$1,093.83 per tonne, up 5.56% from March. The export duty for April was raised to US$116 per tonne from US$93, and cocoa bean reference prices also rose.
A higher reference price and duty raise Indonesian export costs, supporting palm oil prices and encouraging buyers to shift toward Malaysian supply.
investor.idFajar WidhiyantoApr 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.
