# Divided over Indonesian removal of levy on palm oil exports | The Star

> Indonesia's government will temporarily cut crude palm oil export levies to zero from $20-50 a tonne. The refiner body GIMNI opposed cutting the CPO levy, while GAPKI said the change would improve Indonesian export competitiveness.

- Date: 2018-11-27 · published 2018-11-27T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/61910-divided-over-indonesian-removal-of-levy-on-palm-oil-exports-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The levy cut boosts Indonesian export competitiveness in an oversupplied market, which weighs on palm prices and the margin for refiners.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-12-03 | [Divided over Indonesian removal of levy on palm oil exports – Customs Today Newspaper](https://feedsoft.ai/events/61469-divided-over-indonesian-removal-of-levy-on-palm-oil-exports-customs-today.md) | +0.3% | +7.6% |
| PALMOIL | 2018-12-04 | [Indonesia relaxes palm oil levy rules \| The Star](https://feedsoft.ai/events/61467-indonesia-relaxes-palm-oil-levy-rules-the-star.md) | +0.7% | +8.4% |
| 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 | 2022-05-24 | [Explainer: Indonesia's stop-start controls on palm oil exports](https://feedsoft.ai/events/15823-explainer-indonesia-s-stop-start-controls-on-palm-oil-exports.md) | +0.7% | -14.0% |
| PALMOIL | 2019-09-30 | [Indonesia may reinstate palm oil export levy from January 1  : The Daily Digest](https://feedsoft.ai/events/56962-indonesia-may-reinstate-palm-oil-export-levy-from-january-1-the-daily-digest.md) | -2.1% | +2.5% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2018/11/28/removing-indonesia-palm-oil-levy-will-not-help-prices/

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