# Indonesia looking to change palm oil levy policy to raise more funds  : The Daily Digest

> Reuters reports Indonesia is considering changing its palm oil export levy to raise more money for biodiesel subsidies. The current levy is a flat $55 per tonne, and the proposed scheme would add $5 for every $25 rise in palm oil prices. The baseline price for the new scheme has not been reported.

- Date: 2020-09-08 · published 2020-09-08T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/51009-indonesia-looking-to-change-palm-oil-levy-policy-to-raise-more-funds-the-daily
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A price-linked levy would raise exporter costs when palm prices rise, which could cap export demand and firm prices, while funding the biodiesel programme that supports domestic consumption.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-09-30 | [Indonesia may reinstate palm oil export levy from January 1  : The Daily Digest](https://feedsoft.ai/events/56962-indonesia-may-reinstate-palm-oil-export-levy-from-january-1-the-daily-digest.md) | -2.1% | +2.5% |
| PALMOIL | 2017-08-07 | [Malaysia’s B10 policy hindered by high palm oil prices  : The Daily Digest](https://feedsoft.ai/events/69319-malaysia-s-b10-policy-hindered-by-high-palm-oil-prices-the-daily-digest.md) | +1.6% | +4.0% |
| PALMOIL | 2018-12-04 | [Indonesia relaxes palm oil levy rules \| The Star](https://feedsoft.ai/events/61467-indonesia-relaxes-palm-oil-levy-rules-the-star.md) | +0.7% | +8.4% |
| PALMOIL | 2023-04-28 | [Crude palm oil prices dive to six-month low as Indonesia revises export policy - Fastmarkets](https://feedsoft.ai/events/4383-crude-palm-oil-prices-dive-to-six-month-low-as-indonesia-revises-export-policy.md) | -9.7% | -7.7% |
| PALMOIL | 2024-09-23 | [RHB: Indonesia's tax changes could weaken Malaysia's palm oil edge](https://feedsoft.ai/events/15618-rhb-indonesia-s-tax-changes-could-weaken-malaysia-s-palm-oil-edge.md) | +1.1% | +9.0% |

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/indonesia-looking-to-change-palm-oil-levy-policy-to-raise-more-funds/

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