# Indonesia’s palm oil export tax at USD $18/tonne in Feb – Customs Today Newspaper

> Indonesia set its February 2017 crude palm oil export tax at $18 per metric ton, up from $3 in January. The benchmark February CPO price was $815.5 per ton, which falls in the $800 to $850 band that triggers the higher tax.

- Date: 2017-01-28 · published 2017-01-28T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/12323-indonesia-s-palm-oil-export-tax-at-usd-18-tonne-in-feb-customs-today-newspaper
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The higher export tax raises the cost of Indonesian palm oil shipments and supports international palm prices. Exporters' competitiveness is reduced.

## Read by commodity

- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2017-02-01 | 1 | -2.3% | -3.0 | Indonesia's February export tax hike from $3 to $18/t, announced Jan 28, raises export costs and may have weighed on palm prices ahead of the Feb 1 drop, though the size of the tax is small. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-01-27 | [Indonesia to set February crude palm oil export tax at $18 per tonne](https://feedsoft.ai/events/72868-indonesia-to-set-february-crude-palm-oil-export-tax-at-18-per-tonne.md) | -0.9% | -5.2% |
| PALMOIL | 2025-04-08 | [Indonesia to adjust crude palm oil export tax, finance minister says](https://feedsoft.ai/events/15566-indonesia-to-adjust-crude-palm-oil-export-tax-finance-minister-says.md) | +0.7% | -4.1% |
| PALMOIL | 2022-08-30 | [Palm Oil Rises After Indonesia Raises Export Tax, Biodiesel Use](https://feedsoft.ai/events/15797-palm-oil-rises-after-indonesia-raises-export-tax-biodiesel-use.md) | -7.5% | -11.0% |
| PALMOIL | 2021-06-21 | [Indonesia to cut crude palm oil export levy to $175/mt: sources](https://feedsoft.ai/events/46456-indonesia-to-cut-crude-palm-oil-export-levy-to-175-mt-sources.md) | +0.3% | +8.7% |
| PALMOIL | 2022-12-30 | [Indonesia will export less palm oil to keep supplies at home \|  Bloomberg News](https://feedsoft.ai/events/9245-indonesia-will-export-less-palm-oil-to-keep-supplies-at-home-bloomberg-news.md) | +3.1% | +1.5% |

## Sources

- customstoday.media: https://customstoday.media/indonesias-palm-oil-export-tax-at-usd-18tonne-in-feb/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.