# Divided over Indonesian removal of levy on palm oil exports – Customs Today Newspaper

> Indonesia's government said it would temporarily lower export levies on crude palm oil and products to zero from $20-50 per tonne to make its products more competitive. Industry group GIMNI opposed removing the CPO levy, while GAPKI said the removal would improve export competitiveness. The market is oversupplied and palm prices have fallen recently.

- Date: 2018-12-03 · published 2018-12-03T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/61469-divided-over-indonesian-removal-of-levy-on-palm-oil-exports-customs-today
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Cutting levies to zero lowers Indonesian export costs and encourages shipments into an oversupplied market, weighing on palm oil prices. Opposition from refiners suggests the policy may be revised, adding uncertainty.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-11-27 | [Divided over Indonesian removal of levy on palm oil exports \| The Star](https://feedsoft.ai/events/61910-divided-over-indonesian-removal-of-levy-on-palm-oil-exports-the-star.md) | -1.1% | +2.6% |
| PALMOIL | 2022-08-29 | [Indonesia extends zero export levy on palm oil - ANTARA News](https://feedsoft.ai/events/15795-indonesia-extends-zero-export-levy-on-palm-oil-antara-news.md) | -4.9% | -10.9% |
| PALMOIL | 2024-11-22 | [Indonesia Cuts Palm Oil Levy to Be Competitive, Boost Exports](https://feedsoft.ai/events/15606-indonesia-cuts-palm-oil-levy-to-be-competitive-boost-exports.md) | +0.2% | -3.7% |
| PALMOIL | 2022-10-07 | [Indonesia to extend export levy waiver on palm oil to year-end \| FEAG](https://feedsoft.ai/events/15782-indonesia-to-extend-export-levy-waiver-on-palm-oil-to-year-end-feag.md) | -1.3% | +14.9% |
| PALMOIL | 2017-02-18 | [Malaysia raises tax on palm oil for March shipments – Customs Today Newspaper](https://feedsoft.ai/events/11858-malaysia-raises-tax-on-palm-oil-for-march-shipments-customs-today-newspaper.md) | -0.9% | -5.4% |

## Sources

- customstoday.media: https://customstoday.media/divided-over-indonesian-removal-of-levy-on-palm-oil-exports/

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