Global Trade Alert
Global Trade Alert

Indonesia: Temporary changes in export duties of crude palm oil (29 December 2023)

Announcement

29 Dec 2023

In December 2023, the Minister of Trade of Indonesia reduced the export duty on the export of crude palm oil (CPO) after the reference value of the CPO market was set at USD 746.69/MT.

Source

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

0 in force

Implementation date

01 Jan 2024

Revocation date:

No revocation date

Export tax

On 29 December 2023, the Minister of Trade of Indonesia issued Regulation No.2017/2023, reducing the export duty on crude palm oil (CPO) from 3 USD/MT to 0 USD/MT. The new tax was adopted after settin...

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