Global Trade Alert
Global Trade Alert

Indonesia: Temporary changes in export duties of crude palm oil (15 June 2023)

Announcement

15 Jun 2023

In June 2023, the Minister of Trade of Indonesia reduced the export duty and plantation fund tariff on the export of crude palm oil (CPO) after the reference value of the CPO market was set at USD 723,45/MT.

Source

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Number of interventions

2

0 certainly harmful

0 likely harmful

2 liberalising

List of interventions

0 in force

Implementation date

16 Jun 2023

Revocation date:

No revocation date

Export tax

On 15 June 2023, the Minister of Trade of Indonesia issued Regulation No.1040/2023, reducing the export duty on crude palm oil (CPO) from 18 USD/MT to 0 USD/MT. The new tax was adopted after setting t...

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Export tax

On 15 June 2023, the Minister of Trade of Indonesia issued Regulation No.1040/2023, reducing the plantation fund tariffs for the export of crude palm oil (CPO) from 85 USD/tonnes to 65 USD/tonnes. The...

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