# Indonesia: Temporary changes in export duties of crude palm oil (27 June 2024) - Global Trade Alert

> Indonesia raised its crude palm oil export duty from 3 to 18 USD per ton and its plantation fund tariff from 75 to 85 USD per ton, effective July 1, 2024. The change followed a reference price of 800.75 USD per ton.

- Date: 2024-06-27 · published 2024-06-27T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15638-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-27-june-2024
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher export costs reduce Indonesian export competitiveness and shift trade flows, which tends to support international palm oil prices while weighing on domestic Indonesian prices.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-08-29 | [Indonesia: Temporary changes in export duties of crude palm oil (29 August 2024) - Global Trade Alert](https://feedsoft.ai/events/15626-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-29-august-2024.md) | +4.8% | +7.6% |
| 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/87602-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-27-june-2024/

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