KUALA LUMPUR: The new crude palm oil (CPO) export tax structure introduced by the Indonesian Finance Ministry is expected to have a negative impact on the country's upstream planters for the financial years 2012 and 2013, says Hwang DBS Vickers Research.
"The Indonesian upstream planters have two options of either accepting the lower CPO prices or build a refinery to take advantage of the tax spread," it said in a research note here Tuesday.
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