Global Trade Alert
Global Trade Alert

Indonesia: Temporary changes in export duties of crude palm oil (12 July 2023)

Announcement

12 Jul 2023

In July 2023, the Minister of Trade of Indonesia increased 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 791,02/MT.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

16 Jul 2023

Revocation date:

15 Sep 2023

Prolonged: 01 Sep 2023
Export tax
On 12 July 2023, the Minister of Trade of Indonesia issued Regulation No.1157/2023, increasing the plantation fund tariffs for the export of crude palm oil (CPO) from 75 USD/tonne to 85 USD/tonne. The...
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Implementation date

16 Jul 2023

Revocation date:

31 Jul 2023

Announced: 12 Jul 2023
Export tax
On 12 July 2023, the Minister of Trade of Indonesia issued Regulation No.1157/2023, increasing the export duty on crude palm oil (CPO) from 0 USD/MT to 3 USD/MT. The new tax was adopted after setting ...
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