# Indonesia wants palm oil exporters to trade on local exchanges - The Business Times

> Indonesia is studying rules requiring palm oil exporters to trade part of their oil on local exchanges before shipping. The aim is a reference price for taxes and levies and greater supply transparency, after a temporary export suspension in April 2022 disrupted markets.

- Date: 2023-01-27 · published 2023-01-27T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15762-indonesia-wants-palm-oil-exporters-to-trade-on-local-exchanges-the-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A mandated local exchange reference could alter export pricing and flows, adding uncertainty to palm oil supply and export premiums for global buyers.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-03-17 | [Indonesia pledges policy transparency with new palm oil exchange - The Business Times](https://feedsoft.ai/events/15748-indonesia-pledges-policy-transparency-with-new-palm-oil-exchange-the-business.md) | -2.8% | -6.4% |
| PALMOIL | 2021-01-11 | [Indonesia refined palm oil exports to rise in 2021 on tax changes - Markets - Business Recorder](https://feedsoft.ai/events/49037-indonesia-refined-palm-oil-exports-to-rise-in-2021-on-tax-changes-markets.md) | -6.2% | -12.3% |
| PALMOIL | 2020-04-12 | [Malaysia cuts crude palm oil export duty for May to 4.5% - The Business Times](https://feedsoft.ai/events/53507-malaysia-cuts-crude-palm-oil-export-duty-for-may-to-4-5-the-business-times.md) | -1.4% | -11.4% |
| PALMOIL | 2023-10-20 | [Cargoes begin trading on Indonesia's ICDX crude palm oil exchange](https://feedsoft.ai/events/33742-cargoes-begin-trading-on-indonesia-s-icdx-crude-palm-oil-exchange.md) | -0.4% | +5.9% |
| PALMOIL | 2023-10-11 | [Indonesia to launch crude palm oil futures exchange on Oct 13](https://feedsoft.ai/events/33744-indonesia-to-launch-crude-palm-oil-futures-exchange-on-oct-13.md) | +3.0% | +4.9% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/asean/indonesia-wants-palm-oil-exporters-trade-local-exchanges

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