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.
Após 548 eventos altista de política passados, Óleo de palma subiu em mediana +0,4% em 5 sessões (61% de alta; metade central de -0,7% a +2,1%), e +0,9% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
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.