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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 jan 2018Na 548 eerdere opwaarts beleid-gebeurtenissen bewoog Palmolie zich mediaan +0,4% over 5 sessies (61% hoger; middelste helft -0,7% tot +2,1%), en +0,9% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
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.
