Global Trade Alert
Global Trade Alert

Indonesia: Temporary changes in export duties of crude palm oil (28 November 2024)

Announcement

28 Nov 2024

In November 2024, the Minister of Trade of Indonesia increased the export duty and the plantation fund tariff on the export of crude palm oil (CPO) after the reference value of the CPO market was set at USD 1'071.67/MT.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Dec 2024

Revocation date:

31 Dec 2024

Announced: 28 Nov 2024
Export tax
On 28 November 2024, the Minister of Trade of Indonesia issued Decision No.1617/2024, increasing the plantation fund tariffs for the export of crude palm oil (CPO) from 72.14 USD/tonne to 80.37 USD/to...
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Implementation date

01 Dec 2024

Revocation date:

31 Jan 2025

End prolongation: 31 Jan 2025
Export tax
On 28 November 2024, the Minister of Trade of Indonesia issued Decision No.1617/2024, increasing the export duty on crude palm oil (CPO) from 74 USD/MT to 148 USD/MT. The new tax was adopted after set...
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