Global Trade Alert
Global Trade Alert

Indonesia: Temporary changes in export duties of crude palm oil (27 February 2024)

Announcement

27 Feb 2024

In February 2024, the Minister of Trade of Indonesia decreased the export duty on the export of crude palm oil (CPO) after the reference value of the CPO market was set at USD 798.90/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 Mar 2024

Revocation date:

No revocation date

Export tax

On 27 February 2024, the Minister of Trade of Indonesia issued Regulation No.199/2024, decreasing the export duty on crude palm oil (CPO) from 18 USD/MT to 3 USD/MT. The new tax was adopted after sett...

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