# Government Revises Down Palm Oil Export Duty - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)

> Indonesia's finance ministry raised the progressive export duty ceiling for palm oil products from $670 to $750 per metric ton under regulation PMK 76/2021, effective July 2. Exporter levies are now capped below 30% of CPO price, down from a maximum of 36.4%.

- Date: 2021-07-02 · published 2021-07-02T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/45937-government-revises-down-palm-oil-export-duty-gabungan-pengusaha-kelapa-sawit
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A lower effective export tax makes Indonesian palm oil more competitive abroad, which supports export demand and palm oil prices. This is the same policy change covered in other articles, so its price effect overlaps with that change.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-06-24 | [Palm Oil Export Durty Reviewed - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/46457-palm-oil-export-durty-reviewed-gabungan-pengusaha-kelapa-sawit-indonesia-gapki.md) | +0.5% | +8.4% |
| PALMOIL | 2024-02-23 | [B100 Implementation Will Reduce Palm Oil Export - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15666-b100-implementation-will-reduce-palm-oil-export-gabungan-pengusaha-kelapa-sawit.md) | +0.6% | +9.8% |
| PALMOIL | 2023-07-19 | [CPO Reference Price Surges, Export Duty Rises To US$33/MT - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15716-cpo-reference-price-surges-export-duty-rises-to-us-33-mt-gabungan-pengusaha.md) | +1.6% | -2.8% |
| PALMOIL | 2023-12-20 | [GAPKI: Biodiesel Incentive Stabilizes Palm Oil Prices - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15684-gapki-biodiesel-incentive-stabilizes-palm-oil-prices-gabungan-pengusaha-kelapa.md) | +0.4% | +2.1% |
| PALMOIL | 2024-08-20 | [RI To Intensify Downstreaming Of Palm Oil Industries Next Year - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15623-ri-to-intensify-downstreaming-of-palm-oil-industries-next-year-gabungan.md) | +1.8% | +4.8% |

## Sources

- gapki.id: https://gapki.id/en/news/2021/07/03/government-revises-down-palm-oil-export-duty/

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