# Indonesia makes U-turn to replace palm oil export curbs with levy

> Indonesia dropped plans to replace palm oil export curbs and instead raised the ceiling on combined export tax and levy. The ceiling rises from $375 a tonne to between $575 and $675 a tonne, with the levy rising $20 for every $50 increase in the reference price.

- Date: 2022-03-17 · published 2022-03-17T12:00:00.000Z
- Category: policy · region Indonesia · magnitude high
- Page: https://feedsoft.ai/events/15834-indonesia-makes-u-turn-to-replace-palm-oil-export-curbs-with-levy
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Replacing the export curbs with a higher levy keeps Indonesian palm oil leaving the country but at a higher cost, which tightens export supply and supports global palm oil prices.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-06-21 | [Indonesia to cut crude palm oil export levy to $175/mt: sources](https://feedsoft.ai/events/46456-indonesia-to-cut-crude-palm-oil-export-levy-to-175-mt-sources.md) | +0.3% | +8.7% |
| PALMOIL | 2024-12-19 | [Indonesia to hike crude palm oil export levy to 10pct](https://feedsoft.ai/events/15595-indonesia-to-hike-crude-palm-oil-export-levy-to-10pct.md) | -0.1% | -11.2% |
| PALMOIL | 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) | +1.7% | +10.1% |
| 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 | 2020-02-26 | [Indonesia Considers To Rise Palm Oil Export Levies - The Insiders Stories](https://feedsoft.ai/events/5820-indonesia-considers-to-rise-palm-oil-export-levies-the-insiders-stories.md) | -6.0% | -13.8% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/currencies/indonesia-makes-u-turn-to-replace-palm-oil-export-curbs-with-levy-idUSKCN2LE0O2/

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