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Malaysia's commodities ministry has proposed cutting its palm oil export tax by as much as half, from 8% to 4%-6%, to help address a global edible oil shortage. The temporary measure would also slow implementation of the B30 biodiesel mandate to prioritise supply for food use.
A lower export tax would encourage Malaysian exports and add supply to a tight global vegetable oil market, while slowing the biodiesel mandate reduces domestic palm oil demand for fuel, both bearish for palm oil prices and supportive for soy oil substitution demand.
reuters.comMei Mei Chu, A. Ananthalakshmi10 mei 2022Na 400 eerdere neerwaarts beleid-gebeurtenissen bewoog Palmolie zich mediaan -0,0% over 5 sessies (49% hoger; middelste helft -1,3% tot +1,1%), en +0,2% over 20.
Na 196 eerdere neutraal beleid-gebeurtenissen bewoog Sojaolie zich mediaan +0,1% over 5 sessies (52% hoger; middelste helft -1,6% tot +2,0%), en -0,5% 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.
Proposed Malaysian palm oil export tax cut and slower B30 mandate would raise exportable supply and cut biofuel demand, bearish for palm prices around May 9-10.
