# Indonesia refined palm oil exports to rise in 2021 on tax changes - Markets - Business Recorder

> Indonesia, the world's biggest palm oil producer, is expected to increase refined palm oil exports after raising its export levy to a progressive system of $55 to $255 per tonne. LMC International's James Fry said the change gives Indonesian refiners an advantage over Malaysian rivals, while Malaysia becomes more competitive in crude palm oil exports. He also expects crude palm oil prices to fall later in 2021.

- Date: 2021-01-11 · published 2021-01-11T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/49037-indonesia-refined-palm-oil-exports-to-rise-in-2021-on-tax-changes-markets
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Shifting export flows from Malaysian crude palm oil toward Indonesian refined products reshapes palm trade and could pressure prices as the year progresses. Buyers of palm-based feed ingredients should expect changing supply sources.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-01-27 | [Indonesia wants palm oil exporters to trade on local exchanges - The Business Times](https://feedsoft.ai/events/15762-indonesia-wants-palm-oil-exporters-to-trade-on-local-exchanges-the-business.md) | -1.9% | +2.1% |
| PALMOIL | 2021-08-25 | [Palm oil falls - Markets - Business Recorder](https://feedsoft.ai/events/45655-palm-oil-falls-markets-business-recorder.md) | +0.3% | +1.6% |
| PALMOIL | 2023-04-17 | [Malaysia keeps May crude palm oil export duty at 8% - Markets - Business Recorder](https://feedsoft.ai/events/15742-malaysia-keeps-may-crude-palm-oil-export-duty-at-8-markets-business-recorder.md) | +1.5% | -4.7% |
| PALMOIL | 2023-10-17 | [Malaysia keeps November crude palm oil export duty at 8% - Markets - Business Recorder](https://feedsoft.ai/events/15693-malaysia-keeps-november-crude-palm-oil-export-duty-at-8-markets-business.md) | -0.6% | +2.6% |
| PALMOIL | 2024-01-23 | [Malaysia keeps February crude palm oil export duty at 8% - Markets - Business Recorder](https://feedsoft.ai/events/15671-malaysia-keeps-february-crude-palm-oil-export-duty-at-8-markets-business.md) | +0.4% | -0.9% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40049751

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