Commodity News
SnunSirs: Indonesia Raises Export Fees to Benefit Malaysian Refineries and Palm Oil Prices
May 20 2025 14:24:46 SunSirs (Selena)
Malaysia's Industrial Investment Bank pointed out that after Indonesia increases the export fees for crude palm oil and refined palm oil, crude palm oil prices and Malaysian palm oil refineries may benefit from it.
Indonesia previously announced that it will increase the export fee for crude palm oil from 7.5% to 10% starting from Saturday (May 17th), the export fee for refined palm oil from 4.5% to 7.5%, and the export fee for biodiesel from 3% to 4.75%. This move by Indonesia aims to increase funding from the Indonesian Biodiesel Fund to support this year's mandatory blending plan for B40 biodiesel and the oil palm replay campaign.
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