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Indonesia's palm shell entrepreneurs association asked the government to cut the export duty on palm shells, citing 8.3 million tons of shells with only 1.9 million tons newly exported. The group says a $7 per ton export tax plus a $10 palm levy hampers sales.
Palm shell is a biomass fuel rather than a feed ingredient, so the effect on feed commodity prices is minimal, though it reflects Indonesian palm export policy.
en.industry.co.idIndustry.co.idMay 4, 2018After 1,570 past policy events, Palm Oil moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.5% over 20.
After 1,419 past policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% 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.
