# Indonesia: Temporary changes in export duties of crude palm oil (12 May 2023) - Global Trade Alert

> On 12 May 2023 Indonesia's Trade Minister cut the crude palm oil export duty from $74 to $33 per tonne and reduced the plantation fund levy from $100 to $90 per tonne. The change follows a lower CPO reference price for the May 16-31 period.

- Date: 2023-05-12 · published 2023-05-12T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15732-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-12-may-2023
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower Indonesian export duties make Indonesian palm oil cheaper to export and more competitive against Malaysian supply. This increases export availability and pressures world palm oil prices.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-05-29 | [Indonesia: Temporary changes in export duties of crude palm oil (29 May 2024) - Global Trade Alert](https://feedsoft.ai/events/15643-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-29-may-2024.md) | +1.5% | +1.1% |
| PALMOIL | 2023-06-15 | [Indonesia: Temporary changes in export duties of crude palm oil (15 June 2023) - Global Trade Alert](https://feedsoft.ai/events/15724-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-15-june-2023.md) | +2.5% | +15.4% |
| PALMOIL | 2024-02-27 | [Indonesia: Temporary changes in export duties of crude palm oil (27 February 2024) - Global Trade Alert](https://feedsoft.ai/events/15663-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-27-february-2024.md) | +2.3% | +9.3% |
| PALMOIL | 2022-10-14 | [Indonesia: Temporary changes in export duty of crude palm oil (14 October 2022) - Global Trade Alert](https://feedsoft.ai/events/15785-indonesia-temporary-changes-in-export-duty-of-crude-palm-oil-14-october-2022.md) | +5.0% | +14.0% |
| PALMOIL | 2018-08-17 | [Malaysia: Temporary changes in export duty of crude palm oil (1 September 2018 to 28 February 2019) - Global Trade Alert](https://feedsoft.ai/events/63403-malaysia-temporary-changes-in-export-duty-of-crude-palm-oil-1-september-2018-to.md) | +0.1% | -0.3% |

## Sources

- globaltradealert.org: https://globaltradealert.org/state-act/75467-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-12-may-2023/

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