Trade and markets
 

Detail

Area
Indonesia
Commodity Group
Oilseeds, oils and meals
Commodity
Palm oil
Date
01/01/2014
Policy Category
Trade
Policy Instrument
Export duty
Description
Left in place sliding export tax regime used to prevent hikes in consumer prices (via regulation of domestic supplies) and to stimulate growth in downstream palm oil processing.
Notes
INDONESIA – variable palm oil export duty: Following the recent drop in international palm oil prices, the variable export tax on crude palm oil has been lowered to 10.5 percent in February, slightly below the 12 percent rate in place since December 2013. Reportedly, the government is also considering to reduce the export tax on refined palm oil in an attempt to counter the latest rise in import tariffs in India – a major buyer of refined palm oil from Indonesia (see above).