Global Trade Alert
Global Trade Alert

Indonesia: Temporary changes in export duties of crude palm oil (30 January 2024)

Announcement

30 Jan 2024

In January 2024, 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 806.4/MT.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

01 Feb 2024

Revocation date:

No revocation date

Export tax

On 30 January 2024, the Minister of Trade of Indonesia issued Regulation No.142/2024, increasing the export duty on crude palm oil (CPO) from 3 USD/MT to 18 USD/MT. The new tax was adopted after setti...

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Export tax

On 30 January 2024, the Minister of Trade of Indonesia issued Regulation No.142/2024, increasing the plantation fund tariffs for the export of crude palm oil (CPO) from 75 USD/tonne to 85 USD/tonne. T...

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