Indonesia Plans Cocoa Export Levy to Fund Sector Upgrades
Jakarta. The Indonesian government plans to introduce an export levy on cocoa in the second half of 2025 to finance programs aimed at improving the quality of cocoa destined for export markets.
“To finance cocoa development programs, there needs to be revenue from cocoa. It has been decided that cocoa will be subject to an export levy,” said Eddy Abdurrachman, President Director of the Plantation Fund Management Agency (BPDPKS), during a press conference at the Coordinating Ministry for Economic Affairs on Wednesday.
Funds raised will be allocated to replanting initiatives and capacity-building efforts to enhance human resources in the cocoa industry.
Eddy assured that the levy will not impose additional burdens on farmers or cocoa businesses. “The overall export cost will remain the same, but the revenue will be split, part to export duties, part to the export levy,” he explained.
The export levy policy is scheduled to take effect in the third quarter of 2025, requiring a new Finance Ministry regulation. “The process includes public consultation and policy harmonization, and it is targeted to be implemented within two months,” Eddy added.
The export value of processed cocoa products reached US$2.62 billion (approximately Rp 42.7 trillion) in 2024, accounting for 1.05 percent of Indonesia’s non-oil and gas exports and securing the country’s position as the world’s fourth-largest exporter of processed cocoa. Top destinations for Indonesian cocoa products include India, the United States, the European Union, China, and Malaysia.
Tags: Keywords:Related Articles
Pakistan Asks Indonesia to Ease Export Levy on Palm Oil
Palm oil makes up a huge bulk of Indonesia’s exports to Pakistan.Indonesia Eyes April 1 Launch for Coal Levy as Budget Pressures Mount
Indonesia targets an April coal export levy to capture windfall profits and ease fiscal pressure from rising energy subsidy costs.The Latest
Death Toll in Indonesia's Cooperative Training Program Rises to Five
Indonesia ordered a review of its SPPI training program after five participants died during state-defense training.Cape Verde Makes History as Smallest Nation to Reach World Cup Knockout Stage
Cape Verde became the smallest nation to reach the World Cup knockout stage after a 0-0 draw with Saudi Arabia.Trossard Scores Twice as Belgium Beats New Zealand 5-1 to Advance
Leandro Trossard scored twice as Belgium beat New Zealand 5-1 to win Group G and advance to the World Cup knockout stage.Jakarta Celebrates 499th Anniversary with Weekend Party at Bundaran HI
Jakarta marked its 499th anniversary with concerts, light shows, free transit and public celebrations at Bundaran HI.Chandra Asri Completes Rp 6 T Bond Program on Strong Investor Demand
Chandra Asri completed its Rp 6 trillion bond program as the final tranche was oversubscribed, underscoring strong investor confidence.Most Popular
