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BPDPKS president Eddy Abdurrachman said Indonesia's export levies and duties, set higher on upstream than downstream products, have pushed exports toward refined derivatives, which he said reached 58% of exports versus 18% for crude palm oil. He also cited biodiesel as a way to expand domestic demand.
Policy favoring downstream exports and domestic biodiesel use tightens palm oil available for export as crude, supporting palm oil prices while keeping domestic demand firm.
investor.idHermanFeb 6, 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.
