
Colombia's proposed Economic Rescue Law would eliminate the reduced 5% VAT rate and change tax exclusions. Crude soybean, palm, sunflower, cottonseed, canola and corn oils, along with cocoa and coffee, could move to the 19% general rate.
Higher VAT on imported crude vegetable oils would raise domestic input costs for Colombian food processors, a modest demand-side effect on oilseed oil imports if enacted.
After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% 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.