# Palm Oil News - Indonesian Government Imposed New Palm Oil Export Levies as of July 2

> Indonesia imposed new palm oil export levies from July 2, cutting the ceiling rate for crude palm oil from $255 to $175 per tonne after stakeholder criticism. The change took effect through a new finance ministry regulation.

- Date: 2021-07-08 · published 2021-07-08T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/45938-palm-oil-news-indonesian-government-imposed-new-palm-oil-export-levies-as-of
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A lower levy cuts Indonesian exporters' costs and encourages more shipments, which supports global palm oil prices. Competing vegetable oils such as soybean oil could face pressure as palm becomes cheaper.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-10-16 | [Indonesia extends suspension of palm oil export levies](https://feedsoft.ai/events/56445-indonesia-extends-suspension-of-palm-oil-export-levies.md) | +3.0% | +20.3% |
| PALMOIL | 2026-03-02 | [Indonesian higher palm oil export levies come into effect and…](https://feedsoft.ai/events/15483-indonesian-higher-palm-oil-export-levies-come-into-effect-and.md) | +5.0% | +8.4% |
| PALMOIL | 2019-01-10 | [Boost to palm oil prices as Indonesian export levies eased \| Analysis & Features \| The Grocer](https://feedsoft.ai/events/60983-boost-to-palm-oil-prices-as-indonesian-export-levies-eased-analysis-and.md) | -0.3% | +7.2% |
| PALMOIL | 2021-07-01 | [Palm Oil News - Indonesia's Export Levy Revision Burdens Oil Palm Smallholders](https://feedsoft.ai/events/45939-palm-oil-news-indonesia-s-export-levy-revision-burdens-oil-palm-smallholders.md) | +1.7% | +9.8% |
| PALMOIL | 2021-07-02 | [Government Revises Down Palm Oil Export Duty - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/45937-government-revises-down-palm-oil-export-duty-gabungan-pengusaha-kelapa-sawit.md) | +3.7% | +9.7% |
| SBO | 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) | -0.3% | -5.7% |
| SBO | 2022-07-04 | [Palm oil extends losses as Indonesia mulls raising export quota](https://feedsoft.ai/events/4994-palm-oil-extends-losses-as-indonesia-mulls-raising-export-quota.md) | -4.8% | -6.1% |
| SBO | 2022-10-07 | [Indonesia to extend export levy waiver on palm oil to year-end \| FEAG](https://feedsoft.ai/events/15782-indonesia-to-extend-export-levy-waiver-on-palm-oil-to-year-end-feag.md) | +1.8% | +7.7% |

## Sources

- en.infosawit.com: https://www.en.infosawit.com/news/2/indonesian-government-imposed-new-palm-oil-export-levies-as-of-july-2

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