# EU imposes duties of up to 18 percent on Indonesian biodiese - Business - The Jakarta Post

> The European Commission imposed provisional countervailing duties of 8% to 18% on subsidized Indonesian biodiesel imports, with a definitive decision due by mid-December 2019. Indonesia's trade minister had responded by recommending 20% to 25% tariffs on EU dairy products.

- Date: 2019-08-07 · published 2019-08-07T12:00:00.000Z
- Category: trade · region EU · magnitude medium
- Page: https://feedsoft.ai/events/57463-eu-imposes-duties-of-up-to-18-percent-on-indonesian-biodiese-business-the
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Duties restrict Indonesian biodiesel access to the EU and may force producers to rework contracts, reducing palm oil demand for biofuel and pressuring palm oil prices.

## Read by commodity

- SBO: neutral
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-07-25 | [EU plans to impose import duties on Indonesia biodiesel \| The Star](https://feedsoft.ai/events/57980-eu-plans-to-impose-import-duties-on-indonesia-biodiesel-the-star.md) | +0.2% | +8.1% |
| PALMOIL | 2018-02-22 | [Indonesia to file US biodiesel duty case with WTO - Fri, February 23, 2018 - The Jakarta Post](https://feedsoft.ai/events/66371-indonesia-to-file-us-biodiesel-duty-case-with-wto-fri-february-23-2018-the.md) | +0.4% | -2.3% |
| PALMOIL | 2023-08-17 | [EU starts probe on Indonesian biodiesel avoiding import duties](https://feedsoft.ai/events/15710-eu-starts-probe-on-indonesian-biodiesel-avoiding-import-duties.md) | +0.1% | -1.3% |
| PALMOIL | 2020-09-17 | [Indonesia's palm oil sector relies on domestic demand as exports drop - Business - The Jakarta Post](https://feedsoft.ai/events/51007-indonesia-s-palm-oil-sector-relies-on-domestic-demand-as-exports-drop-business.md) | +0.1% | +1.0% |
| PALMOIL | 2017-09-11 | [Commentary: Indonesia enjoys big biodiesel surplus but loses export markets - Opinion - The Jakarta Post](https://feedsoft.ai/events/68829-commentary-indonesia-enjoys-big-biodiesel-surplus-but-loses-export-markets.md) | +2.4% | -2.4% |
| SBO | 2023-11-01 | [WTO agrees dispute panel to review EU import duties on Indonesian biodiesel](https://feedsoft.ai/events/15688-wto-agrees-dispute-panel-to-review-eu-import-duties-on-indonesian-biodiesel.md) | +0.3% | +7.1% |
| SBO | 2017-09-11 | [Commentary: Indonesia enjoys big biodiesel surplus but loses export markets - Opinion - The Jakarta Post](https://feedsoft.ai/events/68829-commentary-indonesia-enjoys-big-biodiesel-surplus-but-loses-export-markets.md) | -0.1% | -5.4% |
| SBO | 2020-08-11 | [Anti-Subsidy Duties on Indonesian Biodiesel Must Be Revisited](https://feedsoft.ai/events/51473-anti-subsidy-duties-on-indonesian-biodiesel-must-be-revisited.md) | +0.4% | +7.6% |

## Sources

- palmoilmonitor.org: https://palmoilmonitor.org/2019/08/07/palm-oil-monitor-weekly-update-7th-august-2019/
- hydrocarbonprocessing.com: https://www.hydrocarbonprocessing.com/news/2019/08/eu-imposes-duties-of-up-to-18-on-indonesian-biodiesel/
- thejakartapost.com: https://www.thejakartapost.com/news/2019/08/14/eu-imposes-duties-of-up-to-18-percent-on-indonesian-biodiese

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