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Malaysia plans to re-impose a crude palm oil export duty of 3% to 8% from January 2021 for prices above RM2,250 per tonne. The move follows Indonesia's recent levy increase and comes as palm oil prices rally on stronger demand and lower output.
A Malaysian export duty raises the cost of palm oil exports and could shift buying toward other oils. The net effect is supportive for global palm oil prices in early 2021.
thestar.com.myGANESHWARAN KANADec 23, 2020After 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.
