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Johor state government is in discussions with Cyprus about possibly importing palm oil from Johor, according to Mentri Besar Osman Sapian. Cyprus wants to become a palm oil hub within the Mediterranean region.
The article also notes Indonesia's tiered export levy structure, with no levy below $570 per tonne and rising charges above that.
A possible new export outlet is a minor demand signal for Malaysian palm oil, but it is a preliminary discussion with no volumes or timeline. The price impact is limited.
thestar.com.myMOHD FARHAAN SHAHJan 16, 2019After 67 past neutral trade events, PALMOIL moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), and +0.6% 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.
