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Malaysia's plantation ministry said no decision has been made on extending the palm oil export duty exemption, which ends on December 31, 2020. The exemption was introduced in June to support exports during the coronavirus demand slump.
Industry players are awaiting Indonesia's decision on raising its own palm export levies.
Reinstating Malaysia's export tax would make its refined palm oil more competitive and could prompt a rush to export crude palm oil before January. Indonesia's levy decision will also shape the regional palm oil spread and export flows.
businesstimes.com.sgNov 30, 2020After 513 past neutral policy events, Palm Oil 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.
