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A short report says Malaysian palm oil output is expected to rebound in 2017. The same item notes that Malaysia has raised its crude palm oil export duty.
A higher export duty can cut Malaysian export competitiveness, while a production rebound adds supply, so the net effect on palm oil prices is uncertain.
doi.orgApr 1, 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.
