# Indonesia: Temporary changes in export duty of crude palm oil (14 October 2022) - Global Trade Alert

> Indonesia's Trade Ministry cut the crude palm oil export duty from $3 to $0 per tonne for October 16-31, under Regulation No. 1436/2022. The change followed a reference price of $713.89 per tonne. The measure was revoked effective October 31, 2022.

- Date: 2022-10-14 · published 2022-10-14T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15785-indonesia-temporary-changes-in-export-duty-of-crude-palm-oil-14-october-2022
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Removing the export duty lowers the cost of Indonesian palm exports for the second half of October, adding supply to world vegetable oil markets and pressuring palm prices.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-05-12 | [Indonesia: Temporary changes in export duties of crude palm oil (12 May 2023) - Global Trade Alert](https://feedsoft.ai/events/15732-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-12-may-2023.md) | -2.6% | -8.9% |
| 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 | 2024-05-29 | [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 | 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 | 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% |
| SBO | 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) | +4.4% | +17.3% |
| SBO | 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) | -1.6% | +0.3% |
| SBO | 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) | +0.6% | +8.7% |

## Sources

- globaltradealert.org: https://globaltradealert.org/state-act/69099-indonesia-temporary-changes-in-export-duty-of-crude-palm-oil-14-october-2022/

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