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Reuters reports Indonesia is considering changing its palm oil export levy to raise more money for biodiesel subsidies. The current levy is a flat $55 per tonne, and the proposed scheme would add $5 for every $25 rise in palm oil prices.
The baseline price for the new scheme has not been reported.
A price-linked levy would raise exporter costs when palm prices rise, which could cap export demand and firm prices, while funding the biodiesel programme that supports domestic consumption.
biofuelsdigest.comMeghan SappSep 8, 2020After 400 past bearish policy events, Palm Oil 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.
