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Malaysia's government announced an export duty exemption on palm oil, and MPOC is examining whether Pakistan will increase its purchases of Malaysian crude palm oil as a result. The article covers the potential demand impact of the duty change on Pakistani buyers.
A lower effective export cost for Malaysian CPO could attract incremental Pakistani demand, modestly supporting Malaysian palm oil export flows and prices.
mpoc.org.myJul 8, 2020After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% 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.
