# 24 September 2021: News on Minister of Trade Regulation: Benchmark of Export Price on Agriculture & Forestry Products Levied with Export Duty

> Indonesia's Trade Minister issued Regulation No. 56 of 2021 on September 24, setting the benchmark export price used to levy export duties on agriculture and forestry products, effective October 1, 2021. The article is a legal summary of the regulation's framework.

- Date: 2021-09-24 · published 2021-09-24T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/44941-24-september-2021-news-on-minister-of-trade-regulation-benchmark-of-export
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Changes to how export duty benchmarks are set affect the cost of Indonesian palm oil exports and can shift global vegetable oil supply and price levels.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-10-07 | [European Union considers measures to stop the sale of products from deforested land - October 2022 \| New Zealand Ministry of Foreign Affairs and Trade](https://feedsoft.ai/events/44588-european-union-considers-measures-to-stop-the-sale-of-products-from-deforested.md) | +2.3% | +4.6% |
| PALMOIL | 2024-12-12 | [Application of EUDR Regulation on deforestation-free products delayed until December 2025 \| Access2Markets](https://feedsoft.ai/events/26987-application-of-eudr-regulation-on-deforestation-free-products-delayed-until.md) | -2.2% | -12.3% |
| PALMOIL | 2025-09-23 | [Palm Oil Magazine - Indonesia’s Trade Ministry: Palm Oil Export Levies Aim to Drive Value-Added Products - Palm Oil Magazine](https://feedsoft.ai/events/15530-palm-oil-magazine-indonesia-s-trade-ministry-palm-oil-export-levies-aim-to.md) | -0.4% | +0.9% |
| PALMOIL | 2026-02-18 | [EU Regulation on Deforestation-free products (EUDR): What Lies Ahead in 2026? \| Insights \| Mayer Brown](https://feedsoft.ai/events/20607-eu-regulation-on-deforestation-free-products-eudr-what-lies-ahead-in-2026.md) | +0.6% | +9.5% |
| PALMOIL | 2023-03-30 | [Plantation Ministry: No plan to regulate price of Malaysian palm oil as govt-controlled product  \| Malay Mail](https://feedsoft.ai/events/36958-plantation-ministry-no-plan-to-regulate-price-of-malaysian-palm-oil-as-govt.md) | -1.1% | -4.0% |

## Sources

- amwpadvocates.com: https://www.amwpadvocates.com/2021/10/indonesia-benchmark-export-duty-price-tariff-cpo-cacao-wood-leather-palm-olein-minister-of-trade-regulation-56-2021.html

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