# Gov’t Reimposes Export Duty after CPO Prices Rebound

> Indonesia's Trade Ministry reimposed a crude palm oil export duty after the reference price rose nearly 6% to $791 per ton for 16-31 July. The threshold for duty is $680 per ton. Indonesia exported 10.6 million tons of palm oil in the first four months of 2023.

- Date: 2023-07-15 · published 2023-07-15T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15717-gov-t-reimposes-export-duty-after-cpo-prices-rebound
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Reinstating the export duty adds cost to Indonesian palm oil exports, supporting global palm prices and substitute vegetable oils.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-01-09 | [Govt will impose export duties on CPO](https://feedsoft.ai/events/72869-govt-will-impose-export-duties-on-cpo.md) | +1.3% | +0.7% |
| PALMOIL | 2023-03-01 | [CPO Reference Prices For Export Outages And Features Rise](https://feedsoft.ai/events/15746-cpo-reference-prices-for-export-outages-and-features-rise.md) | +1.8% | -4.7% |
| PALMOIL | 2023-01-18 | [Production drops, CPO export duty up 42%](https://feedsoft.ai/events/15760-production-drops-cpo-export-duty-up-42.md) | +1.3% | +1.2% |
| PALMOIL | 2019-12-18 | [Export levy to balance the CPO price rally](https://feedsoft.ai/events/55459-export-levy-to-balance-the-cpo-price-rally.md) | +0.4% | +5.9% |
| PALMOIL | 2020-12-10 | [Indonesia imposes higher export levies amid year-end rally in global CPO prices  - Business - The Jakarta Post](https://feedsoft.ai/events/49522-indonesia-imposes-higher-export-levies-amid-year-end-rally-in-global-cpo-prices.md) | +2.2% | +14.6% |
| SBO | 2023-01-18 | [Production drops, CPO export duty up 42%](https://feedsoft.ai/events/15760-production-drops-cpo-export-duty-up-42.md) | -4.4% | -6.5% |
| SBO | 2023-07-27 | [Malaysia raises August reference price for CPO export tax while…](https://feedsoft.ai/events/15715-malaysia-raises-august-reference-price-for-cpo-export-tax-while.md) | -6.8% | -8.6% |
| SBO | 2023-07-19 | [CPO Reference Price Surges, Export Duty Rises To US$33/MT - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15716-cpo-reference-price-surges-export-duty-rises-to-us-33-mt-gabungan-pengusaha.md) | +10.3% | +0.6% |

## Sources

- jakartaglobe.id: https://jakartaglobe.id/business/govt-reimposes-export-duty-after-cpo-prices-rebound

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