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Indonesia's government plans to impose a palm oil export duty, which analysts say will pressure margins at plantation firms with large export volumes. Analysts said firms focused on domestic sales face limited impact.
The article also notes growing domestic demand tied to biodiesel blending policy.
The export duty reduces the export share of Indonesian palm oil and supports domestic biodiesel demand, which is generally supportive of palm oil prices.
english.kontan.co.idGrahanusa MediatamaJan 9, 2017After 548 past bullish policy events, PALMOIL 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.
