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Malaysia's plantation ministry said no decision has been made on extending the palm oil export duty exemption, which ends on December 31, 2020. The exemption was introduced in June to support exports during the coronavirus demand slump.
Industry players are awaiting Indonesia's decision on raising its own palm export levies.
Reinstating Malaysia's export tax would make its refined palm oil more competitive and could prompt a rush to export crude palm oil before January. Indonesia's levy decision will also shape the regional palm oil spread and export flows.
businesstimes.com.sg30 de nov. de 2020Após 513 eventos neutro de política passados, Óleo de palma subiu em mediana 0,0% em 5 sessões (50% de alta; metade central de -1,6% a +1,4%), e -0,1% 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.
