Indonesia: Temporary changes in export duties of crude palm oil (31 October 2022)

Announcement

31 Oct 2022

In October 2022, the Minister of Trade of Indonesia increased the export duty on the export of crude palm oil (CPO) after the reference value of the CPO market was set at USD 770.88/MT.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

01 Nov 2022

Revocation date:

No revocation date

Export tax

On 31 October 2022, the Minister of Trade of Indonesia issued Regulation No.1460/2022, increasing the export duty on crude palm oil (CPO) from 0 USD/MT to 3 USD/MT. The new tax was adopted after setti...