# Palm oil buying interest slows as trade awaits Indonesia export levy decision: sources

> Asian palm oil buying interest slowed in the week ending May 21 as traders waited for Indonesia's decision on its $255/mt export levy. Sources said a $100/mt cut has been proposed and could be announced in coming weeks, but no official announcement had been made.

- Date: 2021-05-20 · published 2021-05-20T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/46977-palm-oil-buying-interest-slows-as-trade-awaits-indonesia-export-levy-decision
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Buyers are holding off until the levy outcome is known, which reduces near-term demand and pressures palm prices. A cut would lower Indonesian export costs and could boost export supply.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-08-24 | [UPDATE 1-Indonesia Extends Palm Oil Export Levy Waiver to Oct. 31 - Trade Minister](https://feedsoft.ai/events/15796-update-1-indonesia-extends-palm-oil-export-levy-waiver-to-oct-31-trade-minister.md) | -0.1% | -8.7% |
| PALMOIL | 2020-09-30 | [Indonesia resumes collecting palm oil export levies](https://feedsoft.ai/events/51006-indonesia-resumes-collecting-palm-oil-export-levies.md) | -2.4% | +1.7% |
| PALMOIL | 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) | -4.9% | -10.9% |
| 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 | 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) | -1.3% | +14.9% |

## Sources

- spglobal.com: https://www.spglobal.com/commodityinsights/pt/market-insights/latest-news/agriculture/052021-palm-oil-buying-interest-slows-as-trade-awaits-indonesia-export-levy-decision-sources

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