# Indonesia issues new palm oil levies rule to boost competitiveness | Reuters

> Indonesia issued new palm oil export levy rules effective Saturday, setting the levy on crude palm oil at 7.5% of the government reference price. Refined products will pay 3% to 6% of the reference rate, replacing the previous $55 to $240 per ton bracket system. The levies fund replanting subsidies and the biodiesel programme.

- Date: 2024-09-19 · published 2024-09-19T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15615-indonesia-issues-new-palm-oil-levies-rule-to-boost-competitiveness-reuters
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A lower effective levy makes Indonesian palm oil more competitive in export markets, adding supply pressure on benchmark prices, especially versus Malaysia.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-11-22 | [Indonesia Cuts Palm Oil Levy to Be Competitive, Boost Exports](https://feedsoft.ai/events/15606-indonesia-cuts-palm-oil-levy-to-be-competitive-boost-exports.md) | +0.2% | -3.7% |
| 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 | 2018-12-04 | [Indonesia relaxes palm oil levy rules \| The Star](https://feedsoft.ai/events/61467-indonesia-relaxes-palm-oil-levy-rules-the-star.md) | +0.7% | +8.4% |
| PALMOIL | 2020-09-30 | [Indonesia resumes collecting palm oil export levies](https://feedsoft.ai/events/51006-indonesia-resumes-collecting-palm-oil-export-levies.md) | -2.4% | +1.7% |
| PALMOIL | 2018-01-18 | [Indonesia, Malaysia condemn European move to limit palm oil use \| Reuters](https://feedsoft.ai/events/67074-indonesia-malaysia-condemn-european-move-to-limit-palm-oil-use-reuters.md) | +0.5% | -0.0% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/indonesia-issues-new-palm-oil-levies-rule-effective-this-weekend-2024-09-19/

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