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Malaysia's government suspended palm oil export duties from January 8 to April 7, 2018, to halt a falling palm oil price. The exemption would end early if palm oil stockpiles fell to 1.6 million tonnes.
Felda chairman Shahrir Samad said the move was to stabilise market prices and that a protest petition against an EU palm oil import ban would proceed.
Suspending the export duty lowers the cost of exporting palm oil and is intended to draw down stocks, which supports Malaysian palm oil prices. The early-exit trigger ties the policy directly to inventory levels.
malaymail.comBen Tan7 gen 2018Dopo 548 eventi politica rialzista passati, Olio di palma si è mosso in mediana di +0,4% in 5 sedute (61% in rialzo; metà centrale da -0,7% a +2,1%), e di +0,9% in 20.
Variazioni del benchmark di ciascuna materia prima rispetto all'ultima chiusura prima dell'evento. Le letture storiche raggruppano eventi passati dello stesso tipo; descrivono ciò che è accaduto, non ciò che accadrà. Non è consulenza di investimento.
The government's export duty suspension from Jan 8 to Apr 7, aimed at halting falling prices, supports prices through a policy-driven demand and sentiment boost.
