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Indonesia extended its zero export levy on palm oil until October 31 after domestic cooking oil prices fell. Domestic retail cooking oil prices have dropped sharply from April and May levels.
The article says excess fresh fruit bunch stocks built up during the April export ban and that more is needed to help smallholder farmers.
Zero levy encourages exports and helps clear Indonesian stockpiles, adding supply to global palm oil markets. This is bearish for palm oil prices through October.
在过去 400 次看跌的政策事件之后,棕榈油 在 5 个交易日内中位数变动 -0.0%(49% 上涨;中间一半区间为 -1.3% 至 +1.1%),20 个交易日内为 +0.2%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。