# Palm Oil News - The Stop of Export Levy is Officially Extended until the Late of October 2022

> Indonesia's steering committee decided the export levy stays at zero until October 31, 2022, and raised the 2022 biodiesel allocation from 10.15 million kl to 11.03 million kl. The meeting also agreed to accelerate ISPO certification and the smallholder replanting program.

- Date: 2022-08-30 · published 2022-08-30T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15798-palm-oil-news-the-stop-of-export-levy-is-officially-extended-until-the-late-of
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher biodiesel allocation increases domestic palm oil demand for fuel, while zero levy supports exports, together supporting palm oil and soybean oil prices.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-09-27 | [BPDPKS decides to suspend palm oil export levies until 2020 - ANTARA News](https://feedsoft.ai/events/56959-bpdpks-decides-to-suspend-palm-oil-export-levies-until-2020-antara-news.md) | -2.8% | +2.3% |
| PALMOIL | 2025-03-18 | [Indonesia to raise palm oil export levy to 4.5% to 10%, official says](https://feedsoft.ai/events/15573-indonesia-to-raise-palm-oil-export-levy-to-4-5-to-10-official-says.md) | -0.2% | -5.7% |
| PALMOIL | 2021-02-03 | [Palm Oil News - Lame Palm Oil Beaten by Export Tax](https://feedsoft.ai/events/48504-palm-oil-news-lame-palm-oil-beaten-by-export-tax.md) | +2.2% | +8.2% |
| PALMOIL | 2019-10-16 | [Indonesia extends suspension of palm oil export levies](https://feedsoft.ai/events/56445-indonesia-extends-suspension-of-palm-oil-export-levies.md) | +3.0% | +20.3% |
| PALMOIL | 2021-07-08 | [Palm Oil News - Indonesian Government Imposed New Palm Oil Export Levies as of July 2](https://feedsoft.ai/events/45938-palm-oil-news-indonesian-government-imposed-new-palm-oil-export-levies-as-of.md) | +3.2% | +9.5% |
| SBO | 2025-03-18 | [Indonesia to raise palm oil export levy to 4.5% to 10%, official says](https://feedsoft.ai/events/15573-indonesia-to-raise-palm-oil-export-levy-to-4-5-to-10-official-says.md) | +0.3% | +9.0% |
| SBO | 2022-07-16 | [Indonesia removes palm oil export levy until Aug. 31 \| Reuters](https://feedsoft.ai/events/15803-indonesia-removes-palm-oil-export-levy-until-aug-31-reuters.md) | -0.2% | +6.5% |
| SBO | 2023-02-06 | [Indonesia to suspend some palm oil export permits - officials](https://feedsoft.ai/events/15756-indonesia-to-suspend-some-palm-oil-export-permits-officials.md) | -1.5% | -0.6% |

## Sources

- en.infosawit.com: https://en.infosawit.com/news/10544/the-stop-of-export-levy-is-officially-extended-until-the-late-of-october-2022

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