# Indonesia imposes higher export levies amid year-end rally in global CPO prices  - Business - The Jakarta Post

> Indonesia is raising its progressive export levy on crude palm oil from Thursday, December 10, under Finance Ministerial Regulation No. 191/2020. The levy ranges from $55 to $255 per tonne depending on the reference price, replacing a flat $55 rate. The government says the change will help fund its 30% biodiesel mandate.

- Date: 2020-12-10 · published 2020-12-10T12:00:00.000Z
- Category: policy · region Indonesia · magnitude high
- Page: https://feedsoft.ai/events/49522-indonesia-imposes-higher-export-levies-amid-year-end-rally-in-global-cpo-prices
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The higher levy tightens Indonesian export economics and supports the biodiesel program, which absorbs palm oil domestically. This adds upward pressure on global palm oil prices, with knock-on effects for soybean oil and feed fats.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-12-20 | [Government raises CPO export levy to 10 percent for biodiesel subsidies \| Indonesia Business Post](https://feedsoft.ai/events/15597-government-raises-cpo-export-levy-to-10-percent-for-biodiesel-subsidies.md) | +0.6% | -10.1% |
| PALMOIL | 2019-09-25 | [Indonesia halts export levy on crude palm oil amid global price drops](https://feedsoft.ai/events/56961-indonesia-halts-export-levy-on-crude-palm-oil-amid-global-price-drops.md) | -1.4% | +1.8% |
| PALMOIL | 2019-09-24 | [Indonesia to Imposes Export Levy for CPO Starts Jan. 2020 - The Insiders Stories](https://feedsoft.ai/events/56964-indonesia-to-imposes-export-levy-for-cpo-starts-jan-2020-the-insiders-stories.md) | -0.7% | +0.6% |
| PALMOIL | 2021-10-26 | [Jokowi floats CPO export ban. Infeasible, experts say - Business - The Jakarta Post](https://feedsoft.ai/events/44423-jokowi-floats-cpo-export-ban-infeasible-experts-say-business-the-jakarta-post.md) | +0.1% | +0.6% |
| PALMOIL | 2022-03-18 | [Indonesia Sets Progressive CPO Export Levies as Price Gains (1)](https://feedsoft.ai/events/15836-indonesia-sets-progressive-cpo-export-levies-as-price-gains-1.md) | -0.4% | -4.4% |

## Sources

- thejakartapost.com: https://www.thejakartapost.com/news/2020/12/10/indonesia-imposes-higher-export-levies-amid-year-end-rally-in-global-cpo-prices

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