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Indonesia's government will not levy export duties on crude palm oil and derivatives from March 1 to May 31, 2019, under PMK 23/2019. From June 1, duties apply only if the CPO reference price exceeds $570 per tonne.
Zero export levies lower Indonesian export costs and can support palm oil export flows, while the reference-price threshold sets the future cost of exporting.
kompas.idTim Harian KompasMar 14, 2019After 548 past bullish policy events, PALMOIL 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.
