# Indonesia Cuts Palm Oil Levy to Be Competitive, Boost Exports

> Indonesia reduced its crude palm oil export levy to 7.5% of the reference price, cutting the duty to US$63 per ton from US$90. Processed palm product levies are set between 3% and 6%. The change is effective from September 21 and is aimed at boosting exports.

- Date: 2024-11-22 · published 2024-11-22T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15606-indonesia-cuts-palm-oil-levy-to-be-competitive-boost-exports
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A lower levy makes Indonesian palm oil more competitive versus Malaysia and should increase export supply, adding downward pressure on palm oil futures.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-09-19 | [Indonesia cuts palm oil levy to be competitive, boost exports \| FMT](https://feedsoft.ai/events/15622-indonesia-cuts-palm-oil-levy-to-be-competitive-boost-exports-fmt.md) | +2.4% | +11.3% |
| PALMOIL | 2024-09-19 | [Indonesia issues new palm oil levies rule to boost competitiveness \| Reuters](https://feedsoft.ai/events/15615-indonesia-issues-new-palm-oil-levies-rule-to-boost-competitiveness-reuters.md) | +2.4% | +11.3% |
| PALMOIL | 2026-01-22 | [Palm Oil News - Indonesia Delays B50 Plan, Malaysia Seen More Competitive in CPO Exports](https://feedsoft.ai/events/15502-palm-oil-news-indonesia-delays-b50-plan-malaysia-seen-more-competitive-in-cpo.md) | +1.5% | +4.4% |
| PALMOIL | 2022-10-07 | [Indonesia to extend export levy waiver on palm oil to year-end \| FEAG](https://feedsoft.ai/events/15782-indonesia-to-extend-export-levy-waiver-on-palm-oil-to-year-end-feag.md) | -1.3% | +14.9% |
| PALMOIL | 2023-02-02 | [Indonesia cuts 1H February palm export taxes, levies](https://feedsoft.ai/events/15753-indonesia-cuts-1h-february-palm-export-taxes-levies.md) | +3.1% | +6.5% |
| SBO | 2022-10-07 | [Indonesia to extend export levy waiver on palm oil to year-end \| FEAG](https://feedsoft.ai/events/15782-indonesia-to-extend-export-levy-waiver-on-palm-oil-to-year-end-feag.md) | +1.8% | +7.7% |
| SBO | 2022-06-16 | [Laman Web Rasmi KPK - SAWIT: Indonesia cuts max palm oil export levy to US$200, but to rise in August](https://feedsoft.ai/events/15814-laman-web-rasmi-kpk-sawit-indonesia-cuts-max-palm-oil-export-levy-to-us-200-but.md) | -8.2% | -20.4% |
| SBO | 2022-08-29 | [Indonesia extends zero export levy on palm oil - ANTARA News](https://feedsoft.ai/events/15795-indonesia-extends-zero-export-levy-on-palm-oil-antara-news.md) | -0.3% | -5.7% |

## Sources

- asia-palmoil.com: https://www.asia-palmoil.com/post/indonesia-cuts-palm-oil-levy-to-be-competitive-boost-exports

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