# Indonesia cuts 1H February palm export taxes, levies

> Indonesia lowered its crude palm oil export duty and levies for 1-15 February after the CPO reference price fell 4% to $879.31/t, triggering the lower band. The CPO export duty dropped to $52/t from $74/t and the levy to $90/t from $95/t. Other palm products also saw reduced duties and levies.

- Date: 2023-02-02 · published 2023-02-02T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15753-indonesia-cuts-1h-february-palm-export-taxes-levies
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower export duties make Indonesian palm products cheaper to export, which can boost export flows and weigh on world palm oil prices. The cut also eases competitive pressure on Indonesian exporters against Malaysian product.

## 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 | 2024-11-22 | [Indonesia Cuts Palm Oil Levy to Be Competitive, Boost Exports](https://feedsoft.ai/events/15606-indonesia-cuts-palm-oil-levy-to-be-competitive-boost-exports.md) | +0.2% | -3.7% |
| 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% |
| 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 | 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% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/indonesia-cuts-1h-february-palm-export-taxes-levies/

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