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Indonesia's Oil Palm Estate Fund collected Rp 2.1 trillion (US$147 million) in export levies in January and February 2018 on palm oil and derivative exports totaling 6.5 million tons. The funds subsidize biodiesel producers, and the fund targets Rp 13 trillion this year to support 3 to 3.5 million kiloliters of biodiesel.
Levy-funded biodiesel incentives pull palm oil into domestic fuel use, supporting prices by reducing exportable supply.
thejakartapost.comViriya P. SinggihMar 7, 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.
