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Indonesia kept its crude palm oil export tax at zero for September and its cocoa bean export tax at 5%. The trade ministry said the palm oil reference price is expected to stay below the $750 per tonne threshold.
A zero export tax keeps Indonesian palm oil competitively priced for export, which adds supply to global markets and limits upside in palm prices.
thestar.com.myThe Star OnlineAug 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.
