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Malaysia's MPOB raised the crude palm oil reference price by RM126 to RM4,033.51 per tonne. Indonesia's Trade Ministry set its September 16 to 30 CPO reference price at about US$929 per tonne after a lower figure for the earlier period.
Higher Malaysian reference prices raise export tax and cost benchmarks for palm oil, supporting vegetable oil prices and feed fat costs.
After 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.