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Malaysia will keep its September crude palm oil export tax at 5.5%, unchanged from August, based on a reference price of RM2,677.91 per tonne. Benchmark palm oil futures fell 1.2% to 2,633 ringgit at the prior close.
A steady export tax leaves Malaysian palm oil export costs unchanged for September, so the tax itself is not a new price shock. Palm oil supply to importers stays on its current trajectory.
beta.malaymail.comAug 16, 2017After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
