Indonesia: Temporary changes in export duties of crude palm oil (31 July 2023)

Announcement

31 Jul 2023

In July 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 826,48/MT.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

01 Aug 2023

Revocation date:

No revocation date

Export tax

On 31 July 2023, the Minister of Trade of Indonesia issued Regulation No.1304/2023, increasing the export duty on crude palm oil (CPO) from 3 USD/MT to 18 USD/MT. The new tax was adopted after setting...