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Indonesia set its June 2021 crude palm oil reference price at US$1,223.90 per tonne, up 9.25% from May. As a result, the export duty on CPO rose to US$183 per tonne from US$144, and the palm oil levy is US$255 per tonne, for a combined charge of about US$438 per tonne.
Higher export duties and levies raise the cost of Indonesian palm oil sold abroad, supporting world prices while weighing on domestic Indonesian prices. This tightens export availability for importers.
news.infosawit.comPenulis : AdministratorJun 3, 2021After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% 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.
