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Malaysian crude palm oil futures fell 2.2% to RM2,294 per tonne after news that Indonesia would lower its CPO export tax from 10.5% to 9% the following month. An analyst said Malaysia was likely to keep its export tax unchanged through the election, potentially leaving Indonesia with a tax advantage and contributing to higher Malaysian stocks.
A lower Indonesian export tax could improve its competitiveness against Malaysian suppliers, pressure Malaysian export demand, and add to Malaysian inventories—bearish for palm oil prices.
theedgemalaysia.comNov 9, 2026After 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.
