Indonesia set its February 2017 crude palm oil export tax at $18 per metric ton, up from $3 in January. The benchmark February CPO price was $815.5 per ton, which falls in the $800 to $850 band that triggers the higher tax.
The higher export tax raises the cost of Indonesian palm oil shipments and supports international palm prices. Exporters' competitiveness is reduced.
Setelah 548 peristiwa kebijakan bullish sebelumnya, Minyak Sawit bergerak median +0,4% selama 5 sesi (61% lebih tinggi; separuh tengah -0,7% sampai +2,1%), dan +0,9% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Indonesia's February export tax hike from $3 to $18/t, announced Jan 28, raises export costs and may have weighed on palm prices ahead of the Feb 1 drop, though the size of the tax is small.