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Indonesia plans to introduce a progressive export duty on crude palm oil and derivatives starting next year, rising with prices. The policy aims to fund biodiesel B30 and replanting programs.
Industry executives say the B30 program stabilises domestic demand and removes an estimated 2.5 to 3 million tonnes a year from global supply.
A higher export levy would reduce exportable supply and could raise world palm prices, while biodiesel-driven domestic absorption keeps Indonesian supply tighter.
mahkotagroup.comNov 3, 2020After 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.
