# Lower palm oil tariffs come into effect too boost sales - Sat, July 3, 2021 - The Jakarta Post

> Indonesia's lower palm oil export tariffs took effect in early July, according to The Jakarta Post. The page text is mostly site navigation and does not give tariff levels or details.

- Date: 2021-07-02 · published 2021-07-02T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/46163-lower-palm-oil-tariffs-come-into-effect-too-boost-sales-sat-july-3-2021-the
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower Indonesian export duties make Indonesian palm oil cheaper for buyers, which can pull export demand away from Malaysia and weigh on palm prices.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-03-22 | [EU bases planned palm oil restriction on 2015 data - National - The Jakarta Post](https://feedsoft.ai/events/60111-eu-bases-planned-palm-oil-restriction-on-2015-data-national-the-jakarta-post.md) | -0.6% | +0.7% |
| PALMOIL | 2024-11-22 | [Indonesia Cuts Palm Oil Levy to Be Competitive, Boost Exports](https://feedsoft.ai/events/15606-indonesia-cuts-palm-oil-levy-to-be-competitive-boost-exports.md) | +0.2% | -3.7% |
| PALMOIL | 2024-09-19 | [Indonesia cuts palm oil levy to be competitive, boost exports \| FMT](https://feedsoft.ai/events/15622-indonesia-cuts-palm-oil-levy-to-be-competitive-boost-exports-fmt.md) | +2.4% | +11.3% |
| PALMOIL | 2016-12-29 | [EU palm oil ban sows bitter seeds \| The ASEAN Post](https://feedsoft.ai/events/73585-eu-palm-oil-ban-sows-bitter-seeds-the-asean-post.md) | -1.2% | -0.1% |
| PALMOIL | 2024-09-19 | [Indonesia issues new palm oil levies rule to boost competitiveness \| Reuters](https://feedsoft.ai/events/15615-indonesia-issues-new-palm-oil-levies-rule-to-boost-competitiveness-reuters.md) | +2.4% | +11.3% |

## Sources

- thejakartapost.com: https://www.thejakartapost.com/paper/2021/07/02/lower-palm-oil-tariffs-come-into-effect-too-boost-sales.html

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