Indonesia: Temporary changes in export duty of crude palm oil (14 October 2022)

Announcement

14 Oct 2022

In October 2022, the Minister of Trade of Indonesia reduced the export duty on crude palm oil (CPO) from 3 USD/MT to 0 USD/MT. The export tax change was adopted after the reference value of the CPO market was set at USD 713.89/MT.

Source

Number of interventions

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

0 in force

Implementation date

16 Oct 2022

Revocation date:

No revocation date

Export tax

On 14 October 2022, the Minister of Trade of Indonesia issued Regulation No.1436/2022, reducing the export duty on crude palm oil (CPO) from 3 USD/MT to 0 USD/MT. The new tax was adopted after setting...