# Indonesia: Temporary changes in export duties of crude palm oil (28 November 2024) - Global Trade Alert

> Indonesia's trade ministry raised crude palm oil export duties and plantation fund tariffs for December 2024 after the reference price was set at US$1,071.67 per tonne. Decision No. 1617/2024 lifted the export duty from US$74 to US$148 per tonne. The measures were set to run from December 1.

- Date: 2024-11-28 · published 2024-11-28T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15607-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-28-november-2024
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher export duties make Indonesian palm oil costlier for buyers, reducing export competitiveness and supporting prices for palm and other vegetable oils outside Indonesia.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-12-14 | [Indonesia: Temporary changes in export duties of crude palm oil (14 December 2022) - Global Trade Alert](https://feedsoft.ai/events/15768-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-14-december-2022.md) | -0.2% | +2.4% |
| PALMOIL | 2023-12-15 | [Indonesia: Temporary changes in export duties of crude palm oil (15 December 2023) - Global Trade Alert](https://feedsoft.ai/events/15681-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-15-december-2023.md) | +0.4% | +2.0% |
| PALMOIL | 2024-01-30 | [Indonesia: Temporary changes in export duties of crude palm oil (30 January 2024) - Global Trade Alert](https://feedsoft.ai/events/15672-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-30-january-2024.md) | -3.0% | -1.0% |
| PALMOIL | 2023-04-13 | [Indonesia: Temporary changes in export duties of crude palm oil (13 April 2023) - Global Trade Alert](https://feedsoft.ai/events/15737-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-13-april-2023.md) | +0.9% | -3.8% |
| PALMOIL | 2023-07-12 | [Indonesia: Temporary changes in export duties of crude palm oil (12 July 2023) - Global Trade Alert](https://feedsoft.ai/events/15719-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-12-july-2023.md) | +1.6% | -2.0% |
| SBO | 2022-12-14 | [Indonesia: Temporary changes in export duties of crude palm oil (14 December 2022) - Global Trade Alert](https://feedsoft.ai/events/15768-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-14-december-2022.md) | -0.2% | -3.1% |
| SBO | 2024-01-30 | [Indonesia: Temporary changes in export duties of crude palm oil (30 January 2024) - Global Trade Alert](https://feedsoft.ai/events/15672-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-30-january-2024.md) | +0.0% | -1.4% |
| SBO | 2022-02-10 | [Indonesia: 20% domestic market obligation introduced to exporters of crude palm oil and mixtures - Global Trade Alert](https://feedsoft.ai/events/15840-indonesia-20-domestic-market-obligation-introduced-to-exporters-of-crude-palm.md) | +0.3% | +12.8% |

## Sources

- globaltradealert.org: https://globaltradealert.org/state-act/89625-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-28-november-2024/

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