Trade and markets
 

Detail

Area
Indonesia
Commodity Group
Oilseeds, oils and meals
Commodity
Palm oil
Date
01/06/2017
Policy Category
Trade
Policy Instrument
Export policy
Description
Left in place the country\'s sliding export tax regime for palm oil, which is aimed at protecting the interests of domestic producers and consumers.
Notes
After standing at USD 18 per tonne in February and March, Indonesia’s export tax on crude palm oil shipments was lowered to USD 3 per tonne in April and eventually suspended in May. The successive cuts were in line with the tax’ sliding regime and reflect the decline in the commodity’s world price (and hence in the official benchmark price used to determine the tax rate). In Indonesia, the export tax on crude palm oil has been set at zero for both June and July, as the commodity’s reference price remained below the threshold that would trigger taxation. Indonesia kept the export tax on crude palm oil at zero in August, as the commodity’s reference price remained below the threshold that triggers taxation. In October 2017, Indonesia’s sliding export tax on crude palm oil will stay at zero (for the sixth consecutive month), as the commodity’s reference price remained below the threshold that triggers taxation.