Loading…
Global Trade Alert records Indonesia's Minister of Finance Regulation No. 191/PMK.05/2020, which raises the plantation fund tariff on palm oil and derivative exports. The measure takes effect December 10, 2020, and is listed as one harmful intervention.
The regulation is set to be revoked on July 2, 2021.
The higher tariff raises export costs for Indonesian palm oil and derivatives, supporting world palm prices. It also reduces the availability of cheaper Indonesian supply to importers.
globaltradealert.orgDec 3, 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.
