# Agribusiness - CGS-CIMB Research 2019-09-24: Indonesia To Keep Zero Palm Oil Export Levy | SG Investors.io

> The Indonesian government will keep the palm oil export levy at zero for the rest of 2019, according to Coordinating Minister Darmin Nasution. A levy would be reimposed in January if prices rise above US$570 per tonne as B30 begins. Average CPO prices were US$574.9 per tonne at the time.

- Date: 2019-09-25 · published 2019-09-25T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/56960-agribusiness-cgs-cimb-research-2019-09-24-indonesia-to-keep-zero-palm-oil
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Zero export levies keep Indonesian exports competitive ahead of the 4Q peak production season and help limit inventories, which supports prices. A reimposed levy from January would be a future headwind.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-02-26 | [Indonesia Considers To Rise Palm Oil Export Levies - The Insiders Stories](https://feedsoft.ai/events/5820-indonesia-considers-to-rise-palm-oil-export-levies-the-insiders-stories.md) | -6.0% | -13.8% |
| PALMOIL | 2024-12-19 | [Indonesia to hike crude palm oil export levy to 10pct](https://feedsoft.ai/events/15595-indonesia-to-hike-crude-palm-oil-export-levy-to-10pct.md) | -0.1% | -11.2% |
| PALMOIL | 2022-07-16 | [Indonesia removes palm oil export levy until Aug. 31 \| Reuters](https://feedsoft.ai/events/15803-indonesia-removes-palm-oil-export-levy-until-aug-31-reuters.md) | +1.7% | +10.1% |
| PALMOIL | 2021-06-21 | [Indonesia to cut crude palm oil export levy to $175/mt: sources](https://feedsoft.ai/events/46456-indonesia-to-cut-crude-palm-oil-export-levy-to-175-mt-sources.md) | +0.3% | +8.7% |
| 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% |

## Sources

- research.sginvestors.io: https://research.sginvestors.io/2019/09/agribusiness-cgs-cimb-research-2019-09-24.html

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