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Indonesia raised its September 2024 crude palm oil reference price to US$839.53 per ton from US$820.11, and total export fees and duties are US$142 per ton. The reference price was set from average prices between 25 July and 24 August 2024 across several exchanges.
A higher reference price raises the export levy and duty costs for Indonesian palm oil, which can lift the export price and reduce competitiveness. This supports palm oil prices in global markets.
en.infosawit.comSep 5, 2024After 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.
