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Indonesia set its March crude palm oil export levy at $93 per tonne, based on a reference price of $1,036.22 per tonne, up 0.92% from February. Cocoa bean reference prices fell 1.51% over the same period.
A higher reference price and levy support Indonesia's biodiesel funding, while the levy raises the cost of Indonesian palm exports.
theinsiderstories.comDesk Editor InsiderMar 1, 2021After 513 past neutral policy events, PALMOIL 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.
