Indonesia boosts domestic palm oil consumption as currency pressures mount

After 548 past bullish policy events, PALMOIL moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.

• Jul 17, 2023Indonesia sticking with domestic palm oil sale rules ahead of B35 implementation - The Business Times+1.2%
• Nov 2, 2023Palm oil rises by more than 2% as Indonesia extends export curbs - Markets - Business Recorder+4.1%
• Feb 1, 2022Indonesia imposes mandatory domestic sales on palm oil+6.0%
• Sep 28, 2024Indonesia's palm oil exports to decline amid rising domestic demand for biodiesel I I Bioenergy Business+9.1%
• Feb 12, 2018Export tax freeze to support Malaysian palm oil industry - Oxford Business Group+0.5%

After 196 past neutral policy events, SBO moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% over 20.

• Feb 12, 2018Export tax freeze to support Malaysian palm oil industry - Oxford Business Group-1.3%
• Oct 1, 2024Palm bounces back on Indonesia’s October reference price hike - Markets - Business Recorder+1.5%
• Aug 27, 2021Indonesia Sept crude palm oil export reference price, export tax set higher - Markets - Business Recorder-1.8%
• Aug 27, 2019Palm oil: Indonesia and Malaysia push back as EU clamps down - Nikkei Asia+1.9%
• Sep 13, 2021High palm oil prices delay Indonesia’s B40 plans-0.7%

Not enough comparable past events yet for a historical read.