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Reuters reports that Indonesia will not collect palm oil export levies of $10-$50 per metric ton until January 1, after they were put on hold in December 2018. The levy is tied to a $570 reference price.
Trade ministry estimates suggest prices could reach about $574.9 next month, which would trigger the levy.
A reinstated levy from January would raise Indonesian export costs and could weigh on palm oil export demand. Prices near the threshold make the timing a key uncertainty for buyers.
biofuelsdigest.comMeghan SappSep 30, 2019After 400 past bearish policy events, PALMOIL 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.
