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Indonesian Palm Oil Board, India's Solvent Extractors Association and Solidaridad are proposing import tax cuts on Indonesian palm oil shipments to India for ISPO-certified product. ISPO said 4.11 million hectares of certified plantations produce over 11 million tonnes of crude palm oil annually.
A lower Indian import tax on Indonesian palm would boost Indonesian export competitiveness and palm demand, but this is only a proposal under discussion.
thehindubusinessline.comReutersMar 28, 2019After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% 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.
