Loading…
Indonesia plans to revise its palm oil export levy so collections rise with export prices, with a $5 increase for every $25 rise in price. The current flat $55 per tonne levy has applied since June.
The levy funds the gap between palm-based biodiesel costs and crude oil prices, which widened after crude's 2020 slump.
A price-linked levy would raise exporters' costs when palm prices climb, which could cap export competitiveness and pressure palm prices, while funding the B30 biodiesel mandate that supports domestic demand.
english.kontan.co.idWahyu Tri RahmawatiSep 8, 2020
thesun.myThe Sun WebdeskSep 8, 2020After 400 past bearish policy events, PALMOIL moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% 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.
