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Pakistan's edible oil refiners are benefiting from lower global crude palm oil prices, which fell to a 12-year low in November 2018. The article traces Indonesia's shift toward value-added palm exports and the export taxes that Indonesia and Malaysia apply to CPO.
It notes Pakistan's refiners have found importing CPO uneconomic relative to refined products.
Lower CPO prices support Pakistani refining margins and could lift import demand if policy shifts favour CPO. Export taxes in producing countries shape the global price spread between CPO and refined oil.
brecorder.comBR ResearchJan 9, 2019Not enough comparable past events yet for a historical read.
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.
