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Indonesia's palm oil fund agency BPDPKS will not collect palm oil export levies until late 2020 to support global CPO prices. The decision, notified to the president, aims to ease the financial burden on farmers amid fluctuating CPO prices.
The agency projects CPO consumption to rise by three million tons under B30 compared with B20.
Zero export levies keep Indonesian palm oil competitive in export markets, and the projected B30 biodiesel demand increase supports domestic and global palm oil prices.
en.antaranews.comFardahSep 27, 2019After 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.
