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GAPKI chairman Joko Supriyono said Indonesian palm oil exports to Chile have fallen from $900 million to $400 million over four years. He expects the Indonesia-Chile CEPA to eliminate the 6% import duty that Malaysia avoids under its existing agreement.
A duty-free entry into Chile would lift Indonesian palm oil export competitiveness and could support demand for palm oil and olein products, a modestly bullish factor for prices.
gapki.idadminDec 22, 2017After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% 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.
