AreaIndonesia

Commodity GroupOilseeds, oils and meals

CommodityPalm oil

Date01/04/2020

Policy CategoryTrade

Policy InstrumentExport policy

DescriptionSuspended – after renewed falls in market prices – the country\'s variable export tax on foreign palm oil sales, while leaving in place the country’s palm oil export levy.

NotesINDONESIA – variable export dues: In line with recent falls in palm oil reference prices, Indonesia’s 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.