# Indonesia extends zero export levy on palm oil - ANTARA News

> Indonesia's government extended its zero palm oil export levy on all palm oil products until October 31, 2022, following a steering committee meeting on August 28. The levy had been cut from US$200 per ton for CPO as of July 15 to boost exports and ease oversupply of fresh fruit bunches.

- Date: 2022-08-29 · published 2022-08-29T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15795-indonesia-extends-zero-export-levy-on-palm-oil-antara-news
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Keeping exports levy-free supports Indonesian shipments and helps drain large stocks, which is supportive for palm oil prices and substitute vegetable oils used in feed fats.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-07-04 | [Palm oil extends losses as Indonesia mulls raising export quota](https://feedsoft.ai/events/4994-palm-oil-extends-losses-as-indonesia-mulls-raising-export-quota.md) | -10.8% | -14.1% |
| PALMOIL | 2022-08-30 | [News Analysis: Indonesia's palm oil zero-tariff export policy eases export, stockpile-Xinhua](https://feedsoft.ai/events/40138-news-analysis-indonesia-s-palm-oil-zero-tariff-export-policy-eases-export.md) | -7.5% | -11.0% |
| PALMOIL | 2022-08-24 | [UPDATE 1-Indonesia Extends Palm Oil Export Levy Waiver to Oct. 31 - Trade Minister](https://feedsoft.ai/events/15796-update-1-indonesia-extends-palm-oil-export-levy-waiver-to-oct-31-trade-minister.md) | -0.1% | -8.7% |
| 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% |
| SBO | 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) | +1.8% | +7.7% |
| SBO | 2022-07-04 | [Palm oil extends losses as Indonesia mulls raising export quota](https://feedsoft.ai/events/4994-palm-oil-extends-losses-as-indonesia-mulls-raising-export-quota.md) | -4.8% | -6.1% |
| SBO | 2022-08-24 | [UPDATE 1-Indonesia Extends Palm Oil Export Levy Waiver to Oct. 31 - Trade Minister](https://feedsoft.ai/events/15796-update-1-indonesia-extends-palm-oil-export-levy-waiver-to-oct-31-trade-minister.md) | +0.0% | -4.1% |

## Sources

- en.antaranews.com: https://en.antaranews.com/news/246893/indonesia-extends-zero-export-levy-on-palm-oil

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