Indonesia yet to decide on whether to revise palm oil export levy, say officials

JAKARTA, June 5 (Reuters): Indonesian authorities have yet to decide on whether to cut their crude palm oil (CPO) export levy, three officials told Reuters on Friday, as the levies remained at their highest for five months in a row, hurting demand.

Indonesia, the world's top producer of the edible oil, raised CPO export levies last year to generate funds for its ambitious palm-based biodiesel programme and smallholder farmer replanting scheme, at the expense of demand.