# Indonesia to cut maximum palm oil export tax and levy to a combined $488/T -trade minister | Reuters

> Indonesia's trade minister said the government will cut the combined maximum crude palm oil export tax and levy to $488 per tonne from $575 to encourage shipments. The move follows a recent export ban and aims to speed up slowed exports.

- Date: 2022-06-07 · published 2022-06-07T12:00:00.000Z
- Category: policy · region Indonesia · magnitude high
- Page: https://feedsoft.ai/events/15811-indonesia-to-cut-maximum-palm-oil-export-tax-and-levy-to-a-combined-488-t-trade
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower export charges make Indonesian palm oil cheaper to ship abroad, increasing export supply and pressuring global vegetable oil prices, which also affects soybean oil and feedstock demand.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2025-12-02 | [Palm Oil Magazine - Indonesia Cuts December CPO Reference Price by 3.9%, Adjusts Export Tax and Levy - Palm Oil Magazine](https://feedsoft.ai/events/15509-palm-oil-magazine-indonesia-cuts-december-cpo-reference-price-by-3-9-adjusts.md) | +0.8% | -0.2% |
| 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% |
| PALMOIL | 2024-09-19 | [Indonesia cuts palm oil levy to be competitive, boost exports \| FMT](https://feedsoft.ai/events/15622-indonesia-cuts-palm-oil-levy-to-be-competitive-boost-exports-fmt.md) | +2.4% | +11.3% |
| PALMOIL | 2026-08-21 | [Indonesia expects palm oil export levy collection to jump about 31pc - Markets - Business Recorder](https://feedsoft.ai/events/15447-indonesia-expects-palm-oil-export-levy-collection-to-jump-about-31pc-markets.md) | -0.4% | +2.1% |
| 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% |
| SBO | 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) | -3.6% | -5.3% |
| SBO | 2022-06-16 | [Laman Web Rasmi KPK - SAWIT: Indonesia cuts max palm oil export levy to US$200, but to rise in August](https://feedsoft.ai/events/15814-laman-web-rasmi-kpk-sawit-indonesia-cuts-max-palm-oil-export-levy-to-us-200-but.md) | -8.2% | -20.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/indonesia-cut-maximum-palm-oil-export-tax-levy-combined-488t-trade-minister-2022-06-07/

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