Global Trade Alert
Global Trade Alert

Indonesia: Temporary changes in export duties of crude palm oil (29 October 2024)

Announcement

29 Oct 2024

In October 2024, the Minister of Trade of Indonesia increased the export duty and reduced the plantation fund tariff on the export of crude palm oil (CPO) after the reference value of the CPO market was set at USD 961.97/MT.

Source

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Number of interventions

2

1 certainly harmful

0 likely harmful

1 liberalising

List of interventions

0 in force

Implementation date

01 Nov 2024

Revocation date:

No revocation date

Export tax

On 29 October 2024, the Minister of Trade of Indonesia issued Decision No.1532/2024, increasing the export duty on crude palm oil (CPO) from 33 USD/MT to 74 USD/MT. The new tax was adopted after setti...

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Implementation date

01 Nov 2024

Revocation date:

No revocation date

Export tax

On 29 October 2024, the Minister of Trade of Indonesia issued Decision No.1532/2024, reducing the plantation fund tariffs for the export of crude palm oil (CPO) from 95 USD/tonne to 72.14 USD/tonne. T...

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