Area
Indonesia
Commodity Group
Oilseeds, oils and meals
Commodity
Palm oil
Date
01/04/2020
Policy Category
Trade
Policy Instrument
Export policy
Description
Suspended after renewed falls in market prices the country\'s variable export tax on foreign palm oil sales, while leaving in place the countrys palm oil export levy.
Notes
INDONESIA variable export dues: In line with recent falls in palm oil reference prices, Indonesias export tax on crude palm oil for March was lowered to USD 3 per tonne (compared to the USD 18 per tonne rate applied in February). During the months of March and April, the palm oil reference price dropped further, falling below the USD 750 per tonne threshold that triggers export taxation; consequently, during April and May, the tax on crude palm oil shipments will be zero. Furthermore, the export levy of USD 50 per tonne remains in place, given that palm oil reference prices fared above the USD 619 per tonne threshold that activates the levy.
