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Indonesia is seeking to expand crude palm oil exports to China after India and the EU, citing a likely Indian duty increase and an EU biofuel phase-out. China has removed palm oil from its import tariff quota management, which Indonesia welcomed.
Indonesia says it will raise yields rather than clear more forest to meet the demand.
Redirecting Indonesian exports toward China could ease pressure from potential Indian duties and EU biofuel cuts, supporting palm oil demand. Lower tariff-quota constraints in China could widen import flows and support prices.
india.mongabay.comAditi TandonOct 29, 2019After 133 past bullish trade events, PALMOIL 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.
