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Indonesia's Corruption Eradication Commission (KPK) says the palm oil export levy fund is poorly targeted and vulnerable to misuse. It reports that most of the fund goes to biodiesel subsidies, with three plantation groups receiving 81.7% of a Rp 3.25 trillion allocation.
Scrutiny of the levy that funds biodiesel subsidies could lead to changes in biodiesel support, which affects domestic palm oil demand and export pricing.
katadata.co.idPingit AriaApr 25, 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.
