Loading…
Malaysia plans to levy an extra one ringgit per metric ton on crude palm oil produced from next year. The revenue would fund a proposed reforestation and wildlife conservation fund.
The levy is part of efforts to promote sustainable palm plantations.
The small added cost per tonne slightly raises production costs for Malaysian palm oil, a modest bearish factor for export competitiveness against other vegetable oils.
asia.nikkei.comNov 19, 2019After 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.
