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Indonesian crude palm oil prices recovered after touching a low, helped by extra demand after Indonesia set its crude palm oil export tax to zero. Analysts also cited the U.S.-China trade war weakening the dollar and lifting commodity prices.
The zero export tax makes Indonesian palm oil cheaper for overseas buyers, which supports export demand and firms prices.
market.bisnis.comMutiara NabilaJul 26, 2018After 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.
