# Indonesia keeps palm oil, cocoa export taxes unchanged for June - BusinessWorld Online

> Indonesia will keep its crude palm oil export tax at zero for a third month in June, and its cocoa export tax at 5%. The June palm oil reference price fell to $568.94 per tonne from $635.15 in May. The finance minister had earlier said the government planned to raise palm export levies by $5 to support biodiesel.

- Date: 2020-05-31 · published 2020-05-31T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/6050-indonesia-keeps-palm-oil-cocoa-export-taxes-unchanged-for-june-businessworld
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A zero export tax keeps Indonesian palm oil competitive on world markets, which supports exports and firm palm prices. The planned levy increase is a bullish signal for the biodiesel demand that competes with feed uses.

## Read by commodity

- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2020-06-01 | 1 | +8.5% | 5.5 | Indonesia's zero export tax for June and a planned levy increase to support biodiesel signal firmer domestic demand and supply policy, which would support palm oil prices going into June 1. |
| PALMOIL | 2020-05-31 | 1 | +8.5% | 6.1 | Indonesia's decision on 2020-05-31 to hold its June palm export tax at zero and a sharply lower reference price is a same-day policy and cost signal for palm export competitiveness, though its direction is ambiguous. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-10-12 | [Palm oil rises on demand, Indonesia’s move to keep exports flexible - Markets - Business Recorder](https://feedsoft.ai/events/33743-palm-oil-rises-on-demand-indonesia-s-move-to-keep-exports-flexible-markets.md) | +3.6% | +6.2% |
| PALMOIL | 2022-08-30 | [Palm Oil Rises After Indonesia Raises Export Tax, Biodiesel Use](https://feedsoft.ai/events/15797-palm-oil-rises-after-indonesia-raises-export-tax-biodiesel-use.md) | -7.5% | -11.0% |
| PALMOIL | 2019-12-12 | [Malaysia raises export tax for crude palm oil for first time in over a year - The Business Times](https://feedsoft.ai/events/55463-malaysia-raises-export-tax-for-crude-palm-oil-for-first-time-in-over-a-year-the.md) | -0.0% | +11.2% |
| PALMOIL | 2024-09-28 | [Indonesia's palm oil exports to decline amid rising domestic demand for biodiesel I I Bioenergy Business](https://feedsoft.ai/events/15616-indonesia-s-palm-oil-exports-to-decline-amid-rising-domestic-demand-for.md) | +9.1% | +9.7% |
| PALMOIL | 2018-06-26 | [EU puts off export ban on Indonesia's crude palm oil - World - Chinadaily.com.cn](https://feedsoft.ai/events/64541-eu-puts-off-export-ban-on-indonesia-s-crude-palm-oil-world-chinadaily-com-cn.md) | -1.0% | -6.4% |

## Sources

- bworldonline.com: https://bworldonline.com/agribusiness/2020/06/01/297159/indonesia-keeps-palm-oil-cocoa-export-taxes-unchanged-for-june/

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