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Indonesia's trade minister issued Regulation 1204/2024, raising the crude palm oil plantation fund export tariff from US$85 to US$90 per tonne effective September 1, 2024. The change followed a higher CPO reference value of US$839.53 per ton in August.
The measure is listed as temporary with revocation set for September 30, 2024.
A higher export levy makes Indonesian palm oil more expensive for overseas buyers, which can shift demand toward Malaysian supply and weigh on Indonesian export competitiveness. The increase is modest but adds to export costs.
globaltradealert.orgAug 29, 2024After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
