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Indonesia's PMK 23/2019 sets zero export levies on palm oil products for March to May 2019 at all price levels. Mahkota Group's corporate secretary said the relief helps exporters but reduces funds for replanting and smallholder programs.
Zero levies through May encourage palm oil exports during a period of falling CPO prices, which supports demand for Indonesian palm supply.
mahkotagroup.comMar 20, 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.
