Global Trade Alert
Global Trade Alert

Indonesia: Temporary changes in export duties of crude palm oil (15 January 2024)

Announcement

15 Jan 2024

In January 2024, 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 774.93/MT.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

16 Jan 2024

Revocation date:

31 Jan 2024

Announced: 15 Jan 2024
Export tax
On 15 January 2024, the Minister of Trade of Indonesia issued Regulation No.25/2024, 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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