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Malaysia's palm oil export tax has been zero since September 2018, and CIMB analyst Ivy Ng says changing the duty structure will not reduce inventories. She argues any new structure must match Indonesia's more progressive levy.
Malaysian palm oil stocks remain elevated, with prices below the RM2,250 level.
Persistent Malaysian stock overhang keeps palm oil prices under pressure, and tax tweaks alone are unlikely to shift the balance. Buyers should expect continued pricing weakness unless exports pick up.
themalaysianreserve.comDzulJan 3, 2019After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% 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.
