# UPDATE 1-Indonesia Extends Palm Oil Export Levy Waiver to Oct. 31 - Trade Minister

> Indonesia's trade minister said the palm oil export levy waiver was extended to October 31, with a maximum $240 per tonne levy for crude palm oil previously due in September now postponed. Inventories stood at 6.68 million tonnes at end-June, far above levels at end-2021, and exports have remained slow.

- Date: 2022-08-24 · published 2022-08-24T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15796-update-1-indonesia-extends-palm-oil-export-levy-waiver-to-oct-31-trade-minister
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Large Indonesian stocks and slow exports point to ample palm supply, which pressures palm oil prices and competing vegetable oils.

## 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 | 2022-10-04 | [REFILE-UPDATE 2-Indonesia Plans Extension of Palm Oil Export Levy Waiver to Year-end](https://feedsoft.ai/events/15780-refile-update-2-indonesia-plans-extension-of-palm-oil-export-levy-waiver-to.md) | +10.5% | +11.6% |
| PALMOIL | 2022-06-07 | [Indonesia to cut maximum palm oil export tax and levy to a combined $488/T -trade minister \| Reuters](https://feedsoft.ai/events/15811-indonesia-to-cut-maximum-palm-oil-export-tax-and-levy-to-a-combined-488-t-trade.md) | -7.4% | -35.7% |
| PALMOIL | 2022-08-29 | [Indonesia extends zero export levy on palm oil - ANTARA News](https://feedsoft.ai/events/15795-indonesia-extends-zero-export-levy-on-palm-oil-antara-news.md) | -4.9% | -10.9% |
| 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% |
| 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 | 2022-10-04 | [REFILE-UPDATE 2-Indonesia Plans Extension of Palm Oil Export Levy Waiver to Year-end](https://feedsoft.ai/events/15780-refile-update-2-indonesia-plans-extension-of-palm-oil-export-levy-waiver-to.md) | +3.3% | +8.3% |
| SBO | 2022-06-07 | [Indonesia to cut maximum palm oil export tax and levy to a combined $488/T -trade minister \| Reuters](https://feedsoft.ai/events/15811-indonesia-to-cut-maximum-palm-oil-export-tax-and-levy-to-a-combined-488-t-trade.md) | -4.9% | -21.1% |

## Sources

- agriculture.com: https://www.agriculture.com/markets/newswire/update-1-indonesia-extends-palm-oil-export-levy-waiver-to-oct-31-trade-minister

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