Indonesia: Temporary changes in export duties of crude palm oil (28 April 2023)

Announcement

28 Apr 2023

In April 2023, 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 955,53/MT.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 May 2023

Revocation date:

15 May 2023

Updated: 28 Apr 2023

Export tax

On 28 April 2023, the Minister of Trade of Indonesia issued Regulation No.940/2023, increasing the export duty on crude palm oil (CPO) from 52 USD/MT to 74 USD/MT. The new tax was adopted...