# News Analysis: Indonesia's palm oil zero-tariff export policy eases export, stockpile-Xinhua

> Indonesia extended its zero export levy on palm oil until October 31 after domestic cooking oil prices fell. Domestic retail cooking oil prices have dropped sharply from April and May levels. The article says excess fresh fruit bunch stocks built up during the April export ban and that more is needed to help smallholder farmers.

- Date: 2022-08-30 · published 2022-08-30T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/40138-news-analysis-indonesia-s-palm-oil-zero-tariff-export-policy-eases-export
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Zero levy encourages exports and helps clear Indonesian stockpiles, adding supply to global palm oil markets. This is bearish for palm oil prices through October.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-05-24 | [Explainer: Indonesia's stop-start controls on palm oil exports](https://feedsoft.ai/events/15823-explainer-indonesia-s-stop-start-controls-on-palm-oil-exports.md) | +0.7% | -14.0% |
| PALMOIL | 2022-08-25 | [SEA asks Indonesia to ensure stable policy for palm oil exports  - The HinduBusinessLine](https://feedsoft.ai/events/15800-sea-asks-indonesia-to-ensure-stable-policy-for-palm-oil-exports-the.md) | -0.5% | -9.5% |
| PALMOIL | 2018-12-26 | [Malaysia reviewing palm oil export taxes amid bulging stockpiles](https://feedsoft.ai/events/61466-malaysia-reviewing-palm-oil-export-taxes-amid-bulging-stockpiles.md) | +5.0% | +7.8% |
| PALMOIL | 2023-04-28 | [Crude palm oil prices dive to six-month low as Indonesia revises export policy - Fastmarkets](https://feedsoft.ai/events/4383-crude-palm-oil-prices-dive-to-six-month-low-as-indonesia-revises-export-policy.md) | -9.7% | -7.7% |

## Sources

- english.news.cn: https://english.news.cn/20220830/185f93a9740346c8b6296495557d3668/c.html

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