# Indonesia Plans to Develop Cocoa, Coconut Sectors Using Palm Oil Fund

> Indonesia plans to use palm oil export levy funds to finance development of its cocoa and coconut sectors, the trade minister said on July 10, 2024. The palm oil levy has been collected since 2015 to fund biodiesel, smallholder replanting and research.

- Date: 2024-07-10 · published 2024-07-10T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/15633-indonesia-plans-to-develop-cocoa-coconut-sectors-using-palm-oil-fund
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Redirecting levy revenue away from biodiesel and replanting could affect future funding for the biodiesel mandate and palm supply growth. The near-term price impact is limited.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-09-01 | [Unpacking the EU’s Confused Approach to Indonesian Palm Oil - Indonesia Palm Oil Facts](https://feedsoft.ai/events/45102-unpacking-the-eu-s-confused-approach-to-indonesian-palm-oil-indonesia-palm-oil.md) | +3.2% | +2.0% |
| 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 | 2019-07-30 | [Malaysia to replace Indonesia as top palm oil supplier to India \| FMT](https://feedsoft.ai/events/6471-malaysia-to-replace-indonesia-as-top-palm-oil-supplier-to-india-fmt.md) | +4.2% | +8.6% |
| PALMOIL | 2019-05-24 | [Palm oil watchdog to create separate standards for smallholders - Indonesia director \| The Star](https://feedsoft.ai/events/59195-palm-oil-watchdog-to-create-separate-standards-for-smallholders-indonesia.md) | +0.6% | -0.1% |
| PALMOIL | 2022-01-28 | [Indonesia’s palm oil exports to ease only slightly despite curbs \| FMT](https://feedsoft.ai/events/15855-indonesia-s-palm-oil-exports-to-ease-only-slightly-despite-curbs-fmt.md) | +5.5% | +10.6% |

## Sources

- english.kontan.co.id: https://english.kontan.co.id/news/indonesia-plans-to-develop-cocoa-coconut-sectors-using-palm-oil-fund

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