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Malaysia says it is still negotiating with Indonesia to standardise crude palm oil export duty structures and has not finalised anything. Refiners complain that the duty mismatch has caused a discount of US$15 to US$30 per tonne on palm oil products traded between the two countries.
A harmonised export duty could shift regional palm oil pricing and trade flows, but no decision has been made, so the near-term price effect is limited.
theborneopost.comJustMar 8, 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.
