Loading…
The Indonesian government will keep the palm oil export levy at zero for the rest of 2019, according to Coordinating Minister Darmin Nasution. A levy would be reimposed in January if prices rise above US$570 per tonne as B30 begins.
Average CPO prices were US$574.9 per tonne at the time.
Zero export levies keep Indonesian exports competitive ahead of the 4Q peak production season and help limit inventories, which supports prices. A reimposed levy from January would be a future headwind.
research.sginvestors.ioSGinvestorsSep 25, 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.
