# Palm Oil News - Lame Palm Oil Beaten by Export Tax

> Infosawit reports that Indonesia's Finance Ministry adjusted palm oil export tariffs to a referential-price structure under RMF 191/PMK.05/2020, effective December 10, 2020. The policy is to be reviewed monthly, with the stated aim of supporting replanting and biodiesel mandates.

- Date: 2021-02-03 · published 2021-02-03T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/48504-palm-oil-news-lame-palm-oil-beaten-by-export-tax
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Tariffs linked to reference prices reduce the export incentive when prices are high, which can redirect supply toward the domestic biodiesel program and support palm oil prices.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-09-20 | [Malaysia keeps Oct crude palm oil export tax at 8%](https://feedsoft.ai/events/44940-malaysia-keeps-oct-crude-palm-oil-export-tax-at-8.md) | +1.0% | +12.6% |
| PALMOIL | 2022-08-30 | [Palm Oil News - The Stop of Export Levy is Officially Extended until the Late of October 2022](https://feedsoft.ai/events/15798-palm-oil-news-the-stop-of-export-levy-is-officially-extended-until-the-late-of.md) | -7.5% | -11.0% |
| PALMOIL | 2019-09-27 | [BPDPKS decides to suspend palm oil export levies until 2020 - ANTARA News](https://feedsoft.ai/events/56959-bpdpks-decides-to-suspend-palm-oil-export-levies-until-2020-antara-news.md) | -2.8% | +2.3% |
| PALMOIL | 2022-12-30 | [Indonesia will export less palm oil to keep supplies at home \|  Bloomberg News](https://feedsoft.ai/events/9245-indonesia-will-export-less-palm-oil-to-keep-supplies-at-home-bloomberg-news.md) | +3.1% | +1.5% |
| 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% |

## Sources

- en.infosawit.com: https://www.en.infosawit.com/news/8521/lame-palm-oil-beaten-by-export-tax

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