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Malaysia set its crude palm oil export duty at 0% for September 2018, down from prior months, and the notice covers a temporary schedule running through February 2019. The duty is set monthly based on a government reference price.
Zero duty lowers the cost of Malaysian palm oil exports, boosting competitiveness and supply, which is bearish for palm oil prices.
globaltradealert.orgAug 17, 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.
