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Today's Headlines Palm Oil Tax

  • Palm Oil Export Tax Indonesia Remains at $18/Ton in March 2017

    Palm Oil Export Tax Indonesia Remains at $18/Ton in March 2017

    Indonesia kept its export tax for crude palm oil (CPO) shipments at USD $18 per metric ton for March 2017 as the government's March reference CPO price was determined at USD $825.8 per ton, up 1.27 percent (m/m) from the reference price in the preceding month. When this reference CPO price of Indonesia is set below USD $750 per ton, the export tax is scrapped. When the price reaches the range of USD $750 - $800, then Indonesian authorities introduce a USD $3 per ton export tax, followed by a USD $18 per metric ton export tax if the reference price rises to the range of USD $800 - $850 per ton.

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  • Indonesia's Palm Oil Export Tax at USD $18/Ton in February 2017

    Indonesia's Palm Oil Export Tax at USD $18/Ton in February 2017

    Indonesia, the world's largest producer and exporter of crude palm oil (CPO), set the export tax for its CPO shipments at USD $18 per metric ton for February 2017, significantly higher than the USD $3 per metric ton export tax in the preceding month. Indonesia's benchmark February CPO price was set at USD $815.5 per ton, rising further above the USD $750 per ton threshold that the Indonesian government uses to separate a zero export tax policy from the setting of an export tax.

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  • Palm Oil Shipments from Indonesia: Export Tax Back in January 2017

    Palm Oil Shipments from Indonesia: Export Tax Back in January 2017

    Indonesia's Ministry of Trade re-introduces a USD $3 per ton export tax for crude palm oil (CPO) shipments in January 2017 as the government's reference palm oil price exceeded the USD $750 per ton threshold that separates the existence of export duties from zero rates. The government's reference price was set at USD $788.26 per ton for January 2017, said Dody Edward, Director General for Foreign Trade at the Trade Ministry.

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  • Palm Oil Update Indonesia: Export Tax Scrapped Again in July 2016

    Palm Oil Update Indonesia: Export Tax Scrapped Again in July 2016

    An official at Indonesia's Trade Ministry said Southeast Asia's largest economy is to scrap the export tax on crude palm oil (CPO) again. In July 2016 the export tax will be lowered to zero, from USD $3 per ton in the preceding month, due to sliding palm oil prices. The Indonesian government expects palm oil prices to fall in July because after the Ramadan month and subsequent Idul Fitri celebrations are finished demand for the edible is set to decline.

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  • Crude Palm Oil Industry Update Indonesia: CPO Export & Production

    Crude Palm Oil Industry Update Indonesia: CPO Export & Production

    Palm oil shipments from Indonesia surged 20 percent month-on-month to 2.09 million tons in April 2016 (from 1.74 million tons in the preceding month) according to the latest data from the Indonesian Palm Oil Producers Association (Gapki). Fadhil Hasan, Executive Director of Gapki, said Indonesia's palm oil exports are supported by declining edible oil output in several countries. High rainfall in Argentina and Brazil disturbed local soy bean harvests, while the US soybean harvest is weak as well. Furthermore, rapeseed harvests in China, India and the European Union are weak too, hence boosting demand for CPO.

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  • Palm Oil Update Indonesia: CPO Price, Rejuvenation & Moratorium

    Palm Oil Update Indonesia: CPO Price, Rejuvenation & Moratorium

    The Indonesian Oil Palm Smallholders Association (Apkasindo) requests the government to support the replanting of 2.5 million hectares of oil palm plantations owned by smallholder farmers. Through Minister of Agriculture Regulation No.18/2016 on Guidelines for the Rejuvenation of Oil Palm Plantations, the government is lawfully forced to support smallholder farmers regarding the rejuvenation of oil palm trees. To finance this program, the government takes funds from the Indonesian Oil Palm Estate Fund (BPDP-KS). The BPDP-KS collects funds from the export levies for palm oil products.

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  • Commodities: Indonesia's Palm Oil Export Tax Back in May 2016

    Commodities: Indonesia's Palm Oil Export Tax Back in May 2016

    For the first time since October 2014, Indonesia's palm oil exporters will have to pay an export tax on crude palm oil (CPO) shipments as the government's reference CPO price was set at USD $754.10 per ton in May (the level of USD $750 per ton separates taxable from non-taxable shipments). The Indonesian government announced that it will impose a USD $3 per ton tax on CPO exports in May 2016. Palm oil is the key foreign exchange earner for Indonesia in terms of non-mining export products. The country is the world's largest producer and exporter of CPO, followed by Malaysia.

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  • Downstream Palm Oil Industry of Indonesia in Development

    Downstream Palm Oil Industry of Indonesia in Development

    Bayu Krisnamurthi, President Director of the Indonesian Oil Palm Estate Fund (BPDP-KS), said total exports of palm oil and its derivatives in the first quarter of 2016 reached 7.42 million tons. It is interesting to note that 87.2 percent of this total figure (or 6.47 million tons) comprises processed palm oil products, while the remainder consists of crude palm oil (CPO), implying that the downstreaming of the palm oil sector is developing smoothly. Krisnamurthi says the imposition of export levies on CPO has managed to encourage the development of downstream industries in the nation's palm oil sector.

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  • France Step Closer to Higher Palm Oil Import Tax, Indonesia Objects

    France Step Closer to Higher Palm Oil Import Tax, Indonesia Objects

    The National Assembly of France agreed to impose an additional tax on imports of crude palm oil (CPO) and its derivatives used for the production of food products. An additional tax of 90 euro per ton (on top of the existing 104 euro per ton import tariff) is expected to be implemented in 2017. This tax increase is part of France's wider biodiversity bill that aims to reduce deforestation and protects French citizens from the negative health effects from consuming palm oil. Indonesia and Malaysia, the world's largest CPO producers have objected strongly to this higher tax.

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  • Palm Oil News Update: Indonesia's CPO Export Tax Remains at 0%

    Palm Oil News Update: Indonesia's CPO Export Tax Remains at 0%

    Indonesia's export tax on crude palm oil (CPO) shipments will remain at zero percent in October 2015 as the government's reference CPO price fell 13 percent (month-on-month) to USD $529.51 per metric ton for October. When this reference CPO price is below the USD $750 per ton threshold, then the government scraps the export tax in an attempt to make shipments more attractive. However, exporters are still subject to the recently introduced palm oil exports levy. When the export tax is cut to zero percent, exporters are required to pay a USD $50 per ton levy for CPO and USD $30 for processed palm oil products shipments (part of these funds are channeled to Indonesia's biodiesel subsidy program).

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Latest Columns Palm Oil Tax

  • Palm Oil Industry Indonesia Update: Progressive Import Tax France

    Palm Oil Industry Indonesia Update: Progressive Import Tax France

    The crude palm oil business received a blow when France announced it plans to impose progressive tax on imports of crude palm oil and its derivatives. French authorities approved a bill on 21 January 2016 that will raise the import tax on palm oil from around 100 euro per ton currently to 300 euro per ton in 2017. This tariff will then be raised to 700 euro per ton in 2019, and to 900 euro per ton in 2020. Through this tax hike France aims to discourage the palm oil industry, hence curtailing global deforestation as well as to protect its citizens from the negative health effects caused by the consumption of palm oil.

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  • Malaysia Confirms Duty Free Palm Oil Exports in Jan; Indonesia to Follow?

    Malaysia, the world’s second-largest crude palm oil (CPO) producer and exporter, will continue its duty-free export tariff for CPO in January 2015 according to information from the Malaysian customs department. Starting from September 2014 Malaysian authorities have implemented a duty-free CPO export policy in an effort to boost global demand and support international CPO prices (which have fallen nearly 20 percent this year). Indonesia, which has seen duty-free CPO shipments since October 2014, is expected to follow suit.

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  • Palm Oil Update Indonesia: Indonesian CPO Reserves and Biodiesel

    Reserves of crude palm oil (CPO) in Indonesia may have declined for a second straight month in October on the back of drought and an increase in exports from Southeast Asia’s largest economy. The delayed impact of drought (which even managed to dry up several rivers in West Kalimantan in October) limited production of CPO in recent weeks. Meanwhile, exports have increased after Indonesia and Malaysia - the world’s two top palm oil producers - scrapped export taxes to boost demand for this commodity.

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