# Indonesia, India palm groups to propose tax incentives to certified palm - The HinduBusinessLine

> Indonesian Palm Oil Board, India's Solvent Extractors Association and Solidaridad are proposing import tax cuts on Indonesian palm oil shipments to India for ISPO-certified product. ISPO said 4.11 million hectares of certified plantations produce over 11 million tonnes of crude palm oil annually.

- Date: 2019-03-28 · published 2019-03-28T12:00:00.000Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/59956-indonesia-india-palm-groups-to-propose-tax-incentives-to-certified-palm-the
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A lower Indian import tax on Indonesian palm would boost Indonesian export competitiveness and palm demand, but this is only a proposal under discussion.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-06-30 | [Palm oil prices up, negate import duty cut - The HinduBusinessLine](https://feedsoft.ai/events/46657-palm-oil-prices-up-negate-import-duty-cut-the-hindubusinessline.md) | +2.6% | +9.5% |
| PALMOIL | 2019-02-24 | [Indonesia asks India to cut palm oil tariffs \| The Star](https://feedsoft.ai/events/60458-indonesia-asks-india-to-cut-palm-oil-tariffs-the-star.md) | -3.4% | -5.6% |
| PALMOIL | 2017-06-09 | [Indonesian biodiesel producers turn to China - Business - The Jakarta Post](https://feedsoft.ai/events/70367-indonesian-biodiesel-producers-turn-to-china-business-the-jakarta-post.md) | +1.3% | +3.0% |
| PALMOIL | 2021-12-02 | [India to favour Malaysian palm oil as Indonesian taxes rise \| FMT](https://feedsoft.ai/events/15862-india-to-favour-malaysian-palm-oil-as-indonesian-taxes-rise-fmt.md) | +2.6% | +1.2% |
| PALMOIL | 2023-02-08 | [Palm hits one-month closing high on Indonesia supply worries - Markets - Business Recorder](https://feedsoft.ai/events/37446-palm-hits-one-month-closing-high-on-indonesia-supply-worries-markets-business.md) | -0.4% | +1.7% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/indonesia-india-palm-groups-to-propose-tax-incentives-to-certified-palm/article26662053.ece

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