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Indonesia set a zero-dollar crude palm oil export tax for June 2017 because the reference price fell to $723.37 per tonne, below the $750 threshold. The reference price was down $8.64, or 1.18%, from May.
The zero tax leaves Indonesian exports unburdened, but the falling reference price signals softer export values for palm oil.
en.antaranews.comantaranews.comJun 1, 2017After 513 past neutral policy events, PALMOIL 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.
