The world's biggest producer of palm oil will impose an export tax of $18 per tonne of crude palm oil as reference prices have increased 15.1pc from $729.7 per tonne in January to $839.7 in February, the ministry's director general, Indrasari Wisnu Warshana said in a statement.
"At this moment, the reference price of crude palm oil has increased to more than $750. Because of that, the authorities must impose a tax of $18 for the period of February 2020," he said.
The last time Indonesia imposed a tax on crude palm oil exports was in May 2017.
Other than an export tax, Indonesia imposes a levy of up to $50 on palm exports if prices are above $619.
Tax on cocoa exports remains unchanged at 5pc in February.