# Indonesia: Temporary changes in export duties of crude palm oil (29 August 2024) - Global Trade Alert

> 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.

- Date: 2024-08-29 · published 2024-08-29T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15626-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-29-august-2024
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-06-27 | [Indonesia: Temporary changes in export duties of crude palm oil (27 June 2024) - Global Trade Alert](https://feedsoft.ai/events/15638-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-27-june-2024.md) | +3.6% | +1.5% |
| PALMOIL | 2023-10-20 | [Cargoes begin trading on Indonesia's ICDX crude palm oil exchange](https://feedsoft.ai/events/33742-cargoes-begin-trading-on-indonesia-s-icdx-crude-palm-oil-exchange.md) | -0.4% | +5.9% |
| PALMOIL | 2018-04-26 | [Indonesia to keep crude palm oil, cocoa export taxes unchanged in May \| The Star](https://feedsoft.ai/events/65414-indonesia-to-keep-crude-palm-oil-cocoa-export-taxes-unchanged-in-may-the-star.md) | -3.5% | -1.7% |
| PALMOIL | 2023-01-27 | [Indonesia wants palm oil exporters to trade on local exchanges - The Business Times](https://feedsoft.ai/events/15762-indonesia-wants-palm-oil-exporters-to-trade-on-local-exchanges-the-business.md) | -1.9% | +2.1% |
| PALMOIL | 2026-06-01 | [Palm Oil Markets Split as Indonesia Export Revamp Confuses Trade](https://feedsoft.ai/events/19375-palm-oil-markets-split-as-indonesia-export-revamp-confuses-trade.md) | -0.7% | -1.9% |

## Sources

- globaltradealert.org: https://globaltradealert.org/state-act/88404-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-29-august-2024/

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