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Indonesia's government says it will adjust crude palm oil export levy rates effective November 1, 2020, to support the B30 biodiesel mandate. The minister has not yet disclosed the new rates, which await a finance ministry regulation.
A higher export levy would reduce Indonesian export competitiveness and push more supply into the domestic biodiesel market, supporting palm oil prices while tightening export availability for feed-related palm byproducts.
antaranews.comSatyagrahaOct 27, 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.
