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Malaysia reimposed a crude palm oil export levy of 5% for January buying, the first since August 2019, after a long suspension. Analysts said inventories had fallen and prices were firming on fundamentals and sentiment.
A export levy raises the Malaysian export price relative to Indonesia, which has no CPO export tax, so it can shift export flows and support palm prices while narrowing Malaysia's competitiveness.
kpk.gov.myJan 6, 2020After 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.
