Loading…
Malaysia cut its crude palm oil export duty for May to 4.5% from 5% in April, the Malaysian Palm Oil Board said, citing the customs department. The reference price was set at RM2,460.89 per tonne.
A small duty cut lowers the cost of exporting Malaysian crude palm oil, but analysts expect little effect on volumes, so the price impact is minor.
businesstimes.com.sgApr 12, 2020After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
