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Indonesia's Trade Ministry reinstated a USD 3 per ton export tax on crude palm oil shipments from January 2017. The tax applies because the government's reference price rose to USD 788.26 per ton, above the USD 750 threshold.
The reinstated levy slightly raises the cost of Indonesian CPO exports, while the higher reference price signals firmer export values. The effect on world palm oil prices is modest, and it adds to the vegetable oil supply cost picture for feed-related fats.
indonesia-investments.comIndonesia InvestmentsDec 29, 2016After 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.
