◂ Event Timeline

Jun 2, 2017POLICYIndonesia

Kemendag: Bea Keluar Minyak Kelapa Sawit Mentah Nol Dolar AS

Indonesia's Trade Ministry set a zero-dollar crude palm oil export tax for June 2017 after the reference price fell to $723.37 per metric ton, below $750. The price was down 1.18% from May's $732.01.

WHY IT MATTERS

The zero export tax keeps Indonesian palm oil competitively priced abroad, while the lower reference price points to weaker export values.

AFFECTSPALMOIL◆

SOURCE
cnnindonesia.comJun 2, 2017

Price reaction & history

PALMOIL◆neutralSO FAR1d -0.4%5d -1.7%20d -1.5%

After 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.

Nov 26, 2018Pungutan Sawit Dinolkan, Menko Darmin Jamin Program B20 Aman-0.5%
Dec 16, 2024Ringgit strengthens 2.8 pct against US Dollar as of Nov 2024 – MOF-3.8%
Nov 30, 2021Palm Oil Industry Down-streaming Well, But Facing Some Challenges - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)-6.8%
Apr 25, 2017KPK Menilai Penyaluran Dana Pungutan Sawit Salah Sasaran - Industri Katadata.co.id-0.6%
May 9, 2024OPINION: RI’s Biodiesel: Look Inward To Move Forward - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)+0.2%

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.

PALMOIL · GP ▸

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