Global Trade Alert
Global Trade Alert

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

Announcement

27 Jun 2024

In June 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 800.75/MT

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Jul 2024

Revocation date:

31 Aug 2024

End prolongation: 31 Aug 2024
Export tax
On 27 June 2024, the Minister of Trade of Indonesia issued Regulation No.803/2024, increasing the plantation fund tariffs for the export of crude palm oil (CPO) from 75 USD/tonne to 85 USD/tonne. The ...
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Implementation date

01 Jul 2024

Revocation date:

30 Sep 2024

End prolongation: 30 Sep 2024
Export tax
On 27 June 2024, the Minister of Trade of Indonesia issued Regulation No.803/2024, increasing the export duty on crude palm oil (CPO) from 3 USD/MT to 18 USD/MT. The new tax was adopted after setting ...
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