# Agribusiness - CGS-CIMB Research 2020-12-07: Potential Impact Of Indonesia’s Export Levy Revision | SG Investors.io

> CGS-CIMB Research says Indonesia's progressive export levy revision is negative for upstream Indonesian palm oil producers but slightly positive for downstream players. It expects Malaysian upstream producers to benefit. The levy is linked to the CPO reference price and aims to rebuild the nearly empty CPO fund.

- Date: 2020-12-07 · published 2020-12-07T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/49525-agribusiness-cgs-cimb-research-2020-12-07-potential-impact-of-indonesia-s
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The analysis shows the levy shifts margins between upstream and downstream players and across borders. It suggests the policy will sustain the B30 mandate, which keeps palm oil demand firm.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-06-08 | [Agribusiness - CGS-CIMB Research 2020-06-08: Three Measures To Reinforce B30 Mandate \| SG Investors.io](https://feedsoft.ai/events/52490-agribusiness-cgs-cimb-research-2020-06-08-three-measures-to-reinforce-b30.md) | +0.1% | +1.3% |
| PALMOIL | 2020-11-21 | [Regional Plantations - Maybank Kim Eng 2020-11-21: Indonesia’s Export Levy Conundrum Seen Hurting Upstream More \| SG Investors.io](https://feedsoft.ai/events/50047-regional-plantations-maybank-kim-eng-2020-11-21-indonesia-s-export-levy.md) | +0.1% | +5.7% |
| PALMOIL | 2020-12-04 | [Regional Plantations - Maybank Kim Eng 2020-12-04: Integrated Indonesian Players Better Off Than Indonesia Upstream Under Newly Approved Export Levy Structure \| SG Investors.io](https://feedsoft.ai/events/49526-regional-plantations-maybank-kim-eng-2020-12-04-integrated-indonesian-players.md) | +1.8% | +13.4% |
| PALMOIL | 2020-06-11 | [Regional Plantations - Maybank Kim Eng 2020-06-12: Indonesia Sending Positive Signal On Its B30 Commitment \| SG Investors.io](https://feedsoft.ai/events/52491-regional-plantations-maybank-kim-eng-2020-06-12-indonesia-sending-positive.md) | +0.5% | +1.8% |
| PALMOIL | 2026-01-25 | [Palm Oil Magazine - RHB Revises 2026 CPO Forecast After Indonesia Raises Export Tax to 12.5% - Palm Oil Magazine](https://feedsoft.ai/events/15503-palm-oil-magazine-rhb-revises-2026-cpo-forecast-after-indonesia-raises-export.md) | +1.0% | +3.8% |

## Sources

- research.sginvestors.io: https://research.sginvestors.io/2020/12/agribusiness-cgs-cimb-research-2020-12-07.html

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