Area
Indonesia
Commodity Group
Oilseeds, oils and meals
Commodity
Palm oil
Date
01/10/2020
Policy Category
Trade
Policy Instrument
Export measures (variable export tax)
Description
Following a strong rebound in market prices, reintroduced export taxation of palm oil in October 2020 (after a seven-month suspension). Subsequently, between November 2020 and May 2021, steady rises in market prices triggered successive upward adjustments in the export tax.
Notes
INDONESIA variable export dues (palm oil): Export tax: in October, triggered by a rebound in marked prices, export taxation of palm oil was reintroduced at a rate of USD 3 per tonne following the tax suspension between March and September 2020. Eventually, the USD 3 rate was retained for the month of November. Meanwhile, Indonesias palm oil export levy remained unchanged at USD 55 per tonne. Local media reported that the Government was considering to turn the fixed levy into a variable one linked to the price of palm oil, with every USD 25 rise in price triggering a USD 5 increase in the levy.
