# Indonesia to cut crude palm oil export levy to $175/mt: sources

> Indonesia's finance ministry reportedly plans to cut the maximum crude palm oil export levy to $175/mt when palm prices exceed $1,000/mt, according to sources cited by S&P Global Platts. The current levy is $255/mt and the implementation date had not been announced.

- Date: 2021-06-21 · published 2021-06-21T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/46456-indonesia-to-cut-crude-palm-oil-export-levy-to-175-mt-sources
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The planned cut would lower the cost of Indonesian palm oil exports and is expected to speed up shipments, supporting international palm oil prices.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-12-19 | [Indonesia to hike crude palm oil export levy to 10pct](https://feedsoft.ai/events/15595-indonesia-to-hike-crude-palm-oil-export-levy-to-10pct.md) | -0.1% | -11.2% |
| PALMOIL | 2022-03-17 | [Indonesia makes U-turn to replace palm oil export curbs with levy](https://feedsoft.ai/events/15834-indonesia-makes-u-turn-to-replace-palm-oil-export-curbs-with-levy.md) | -0.2% | -6.7% |
| PALMOIL | 2020-12-03 | [Indonesia Raises Export Levy On Crude Palm Oil From Dec 10 - News - Innoleo](https://feedsoft.ai/events/49524-indonesia-raises-export-levy-on-crude-palm-oil-from-dec-10-news-innoleo.md) | +1.0% | +5.3% |
| PALMOIL | 2025-03-18 | [Indonesia to raise palm oil export levy to 4.5% to 10%, official says](https://feedsoft.ai/events/15573-indonesia-to-raise-palm-oil-export-levy-to-4-5-to-10-official-says.md) | -0.2% | -5.7% |
| PALMOIL | 2017-01-27 | [Indonesia to set February crude palm oil export tax at $18 per tonne](https://feedsoft.ai/events/72868-indonesia-to-set-february-crude-palm-oil-export-tax-at-18-per-tonne.md) | -0.9% | -5.2% |

## Sources

- spglobal.com: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/agriculture/062121-indonesia-to-cut-crude-palm-oil-export-levy-to-175mt-sources

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