# Oil palm agency collects Rp 2.1t in export tax toward biodiesel incentive - Business - The Jakarta Post

> Indonesia's Oil Palm Estate Fund collected Rp 2.1 trillion (US$147 million) in export levies in January and February 2018 on palm oil and derivative exports totaling 6.5 million tons. The funds subsidize biodiesel producers, and the fund targets Rp 13 trillion this year to support 3 to 3.5 million kiloliters of biodiesel.

- Date: 2018-03-07 · published 2018-03-07T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/65884-oil-palm-agency-collects-rp-2-1t-in-export-tax-toward-biodiesel-incentive
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Levy-funded biodiesel incentives pull palm oil into domestic fuel use, supporting prices by reducing exportable supply.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2025-05-15 | [RI ups palm oil export levy to 10% as govt boosts biofuel, replanting efforts - Markets - The Jakarta Post](https://feedsoft.ai/events/15558-ri-ups-palm-oil-export-levy-to-10-as-govt-boosts-biofuel-replanting-efforts.md) | -0.1% | +1.0% |
| PALMOIL | 2021-10-26 | [Jokowi floats CPO export ban. Infeasible, experts say - Business - The Jakarta Post](https://feedsoft.ai/events/44423-jokowi-floats-cpo-export-ban-infeasible-experts-say-business-the-jakarta-post.md) | +0.1% | +0.6% |
| 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% |

## Sources

- thejakartapost.com: https://www.thejakartapost.com/news/2018/03/07/oil-palm-agency-collects-rp-2-1t-in-export-tax-toward-biodiesel-incentive

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