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Indonesia's energy ministry has proposed raising the CPO export levy to cover a biodiesel subsidy shortfall. An industry group says the increase would hurt smallholder farmers and reduce Indonesia's competitiveness, and that existing levies already burden growers.
A higher Indonesian export levy would raise the cost of Indonesian palm oil exports, supporting Malaysian and other origin prices while tightening Indonesian export competitiveness.
sawitindonesia.comQayuum AmriMar 13, 2017After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% 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.
