# Indonesia halts export levy on crude palm oil amid global price drops

> Indonesia has halted its export tax on crude palm oil and derivatives until January 2020, according to Economic Coordinating Minister Darmin Nasution. The suspension was approved by President Joko Widodo and ties to the start of the B30 biodiesel program. The export tax would have applied if prices stayed between US$570 and US$619 per tonne.

- Date: 2019-09-25 · published 2019-09-25T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/56961-indonesia-halts-export-levy-on-crude-palm-oil-amid-global-price-drops
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Suspending the levy supports Indonesian exports and domestic farm-gate prices, while B30 is expected to lift palm oil demand. Prices are near the levy threshold, so the policy could change if prices rise.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-08-27 | [Indonesia: Increased Export Tax on palm oil - Global Trade Alert](https://feedsoft.ai/events/45444-indonesia-increased-export-tax-on-palm-oil-global-trade-alert.md) | -1.4% | +1.9% |
| 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 | 2020-12-03 | [Indonesia Raises Export Levy On Crude Palm Oil From Dec 10 - News - Innoleo](https://feedsoft.ai/events/49524-indonesia-raises-export-levy-on-crude-palm-oil-from-dec-10-news-innoleo.md) | +1.0% | +5.3% |
| PALMOIL | 2022-03-18 | [Indonesia hikes palm oil export levy amid accusations of 'policy panic'](https://feedsoft.ai/events/15833-indonesia-hikes-palm-oil-export-levy-amid-accusations-of-policy-panic.md) | -0.4% | -4.4% |

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/indonesia-halts-export-levy-on-crude-palm-oil-amid-global-price-drops-post161045.vnp

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