# Indonesia palm oil fund agency sees 2024 export levy collections at 29 trillion rupiah

> Indonesia's palm oil fund agency (BPDP) expects to collect 29 trillion rupiah from palm oil export levies in 2024, slightly below 2023 levels. The estimate assumes palm oil prices will fall next year. Proceeds fund biodiesel subsidies and palm replanting.

- Date: 2023-12-07 · published 2023-12-07T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/15678-indonesia-palm-oil-fund-agency-sees-2024-export-levy-collections-at-29-trillion
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower expected palm prices reduce levy revenue, which signals weaker assumed palm values. Levies feed the biodiesel subsidy that supports domestic palm demand, so the impact on prices is limited.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2026-08-21 | [Indonesia expects palm oil export levy collection to jump about 31pc - Markets - Business Recorder](https://feedsoft.ai/events/15447-indonesia-expects-palm-oil-export-levy-collection-to-jump-about-31pc-markets.md) | -0.4% | +2.1% |
| PALMOIL | 2022-10-07 | [Indonesia to extend export levy waiver on palm oil to year-end \| FEAG](https://feedsoft.ai/events/15782-indonesia-to-extend-export-levy-waiver-on-palm-oil-to-year-end-feag.md) | -1.3% | +14.9% |
| PALMOIL | 2022-08-29 | [Indonesia extends zero export levy on palm oil - ANTARA News](https://feedsoft.ai/events/15795-indonesia-extends-zero-export-levy-on-palm-oil-antara-news.md) | -4.9% | -10.9% |
| 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% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/indonesia-palm-oil-fund-agency-sees-2024-export-levy-collections-at-29-trillion-rupiah/
- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/energy-commodities/indonesia-palm-oil-fund-agency-sees-2024-export-levy

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