# Indonesia to hike crude palm oil export levy to 10pct

> Indonesia will raise its crude palm oil export levy to 10% from 7.5% to fund higher biodiesel subsidies, according to its chief economic minister. The levy takes effect once the finance ministry issues the implementing regulation. The move is tied to the B40 blend starting January 1.

- Date: 2024-12-19 · published 2024-12-19T12:00:00.000Z
- Category: policy · region Indonesia · magnitude high
- Page: https://feedsoft.ai/events/15595-indonesia-to-hike-crude-palm-oil-export-levy-to-10pct
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A higher export levy tightens Indonesian export supply and supports international palm oil prices, while the larger biodiesel program lifts domestic vegetable oil demand.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2020-12-03 | [Indonesia Raises Export Levy On Crude Palm Oil From Dec 10 - News - Innoleo](https://feedsoft.ai/events/49524-indonesia-raises-export-levy-on-crude-palm-oil-from-dec-10-news-innoleo.md) | +1.0% | +5.3% |
| PALMOIL | 2025-03-18 | [Indonesia to raise palm oil export levy to 4.5% to 10%, official says](https://feedsoft.ai/events/15573-indonesia-to-raise-palm-oil-export-levy-to-4-5-to-10-official-says.md) | -0.2% | -5.7% |
| PALMOIL | 2019-09-25 | [Indonesia halts export levy on crude palm oil amid global price drops](https://feedsoft.ai/events/56961-indonesia-halts-export-levy-on-crude-palm-oil-amid-global-price-drops.md) | -1.4% | +1.8% |
| PALMOIL | 2025-02-06 | [Indonesia’s CPO export levy hike will make Malaysian crude palm oil more competitive: Experts](https://feedsoft.ai/events/15582-indonesia-s-cpo-export-levy-hike-will-make-malaysian-crude-palm-oil-more.md) | +4.4% | +3.3% |
| SBO | 2025-03-18 | [Indonesia to raise palm oil export levy to 4.5% to 10%, official says](https://feedsoft.ai/events/15573-indonesia-to-raise-palm-oil-export-levy-to-4-5-to-10-official-says.md) | +0.3% | +9.0% |
| SBO | 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) | +0.3% | -6.0% |
| SBO | 2026-03-02 | [Indonesian higher palm oil export levies come into effect and…](https://feedsoft.ai/events/15483-indonesian-higher-palm-oil-export-levies-come-into-effect-and.md) | +4.6% | -1.4% |

## Sources

- nst.com.my: https://www.nst.com.my/business/economy/2024/12/1150567/indonesia-hike-crude-palm-oil-export-levy-10pct

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