# Indonesia: Temporary changes in export duties of crude palm oil (15 December 2023) - Global Trade Alert

> Indonesia's trade minister cut the plantation fund levy on crude palm oil exports from $85 to $75 per tonne under Regulation 1990/2023, effective mid-December 2023. The cut followed a reference price of $767.51 per tonne. The change is temporary, with a revocation date of January 31, 2024.

- Date: 2023-12-15 · published 2023-12-15T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15681-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-15-december-2023
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A lower export levy reduces exporters' costs and can lift Indonesian export flows, which supports world palm prices. The temporary nature limits the longer-term effect.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-12-14 | [Indonesia: Temporary changes in export duties of crude palm oil (14 December 2022) - Global Trade Alert](https://feedsoft.ai/events/15768-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-14-december-2022.md) | -0.2% | +2.4% |
| PALMOIL | 2023-04-13 | [Indonesia: Temporary changes in export duties of crude palm oil (13 April 2023) - Global Trade Alert](https://feedsoft.ai/events/15737-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-13-april-2023.md) | +0.9% | -3.8% |
| PALMOIL | 2023-07-12 | [Indonesia: Temporary changes in export duties of crude palm oil (12 July 2023) - Global Trade Alert](https://feedsoft.ai/events/15719-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-12-july-2023.md) | +1.6% | -2.0% |
| PALMOIL | 2024-11-28 | [Indonesia: Temporary changes in export duties of crude palm oil (28 November 2024) - Global Trade Alert](https://feedsoft.ai/events/15607-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-28-november-2024.md) | +3.0% | -2.6% |
| PALMOIL | 2024-01-30 | [Indonesia: Temporary changes in export duties of crude palm oil (30 January 2024) - Global Trade Alert](https://feedsoft.ai/events/15672-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-30-january-2024.md) | -3.0% | -1.0% |

## Sources

- globaltradealert.org: https://globaltradealert.org/state-act/82595-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-15-december-2023/

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