# BPDPKS decides to suspend palm oil export levies until 2020 - ANTARA News

> Indonesia's palm oil fund agency BPDPKS will not collect palm oil export levies until late 2020 to support global CPO prices. The decision, notified to the president, aims to ease the financial burden on farmers amid fluctuating CPO prices. The agency projects CPO consumption to rise by three million tons under B30 compared with B20.

- Date: 2019-09-27 · published 2019-09-27T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/56959-bpdpks-decides-to-suspend-palm-oil-export-levies-until-2020-antara-news
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Zero export levies keep Indonesian palm oil competitive in export markets, and the projected B30 biodiesel demand increase supports domestic and global palm oil prices.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-10-16 | [Indonesia extends suspension of palm oil export levies](https://feedsoft.ai/events/56445-indonesia-extends-suspension-of-palm-oil-export-levies.md) | +3.0% | +20.3% |
| 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 | 2021-02-03 | [Palm Oil News - Lame Palm Oil Beaten by Export Tax](https://feedsoft.ai/events/48504-palm-oil-news-lame-palm-oil-beaten-by-export-tax.md) | +2.2% | +8.2% |
| 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 | 2021-07-08 | [Palm Oil News - Indonesian Government Imposed New Palm Oil Export Levies as of July 2](https://feedsoft.ai/events/45938-palm-oil-news-indonesian-government-imposed-new-palm-oil-export-levies-as-of.md) | +3.2% | +9.5% |

## Sources

- en.antaranews.com: https://en.antaranews.com/news/133650/bpdpks-decides-to-suspend-palm-oil-export-levies-until-2020

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