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CGS-CIMB research notes Indonesia has agreed to adjust its palm oil export levy because of low prices. The levy, introduced in 2015, funds biodiesel subsidies and replanting.
Removing the levy should lift upstream planter returns and make Indonesian palm oil more competitive against Malaysia, pressuring Malaysian export prices.
research.sginvestors.ioSGinvestorsNov 27, 2018After 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.
