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Indonesian Coordinating Minister Darmin Nasution said the temporary removal of palm oil export levies will not disrupt the B20 biodiesel program or replanting funding. The levy removal follows a sharp fall in global crude palm oil prices.
Confirming that B20 biodiesel funding continues supports domestic palm demand, which partly offsets the bearish effect of the levy cut on prices.
cnnindonesia.comNov 26, 2018After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
