# Sabah, Sarawak palm oil players cry foul over doubling of windfall profit levy rate | Sarawak Oil Palm Plantation Owners Association

> Indonesian crude palm oil prices have surged, with Bursa Malaysia contracts for November-December shipment around RM5,146 to RM5,323 per tonne (about US$1,380). Indonesia cut its export duty to US$291 per tonne, which keeps exports attractive and raises concern that producers will favor exports over domestic biodiesel (B30) supply.

- Date: 2021-10-31 · published 2021-10-31T12:00:00.000Z
- Category: market · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/44425-sabah-sarawak-palm-oil-players-cry-foul-over-doubling-of-windfall-profit-levy
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Rising world CPO prices and a lower export duty encourage exports over domestic biodiesel allocation, which could tighten Indonesian biodiesel supply and keep palm prices firm. This supports vegetable oil prices.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- soppoa.org.my: http://soppoa.org.my/archives/highlights/sabah-sarawak-palm-oil-players-cry-foul-over-doubling-of-windfall-profit-levy-rate.php

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