Indonesia to cut crude palm oil export tax to 9% in Nov

JAKARTA: Indonesia, the world's top palm oil producer, will cut its export tax for crude palm oil to 9 percent for November, down from 13.5 percent in October, and leave its tax on cocoa bean exports unchanged at 5 percent, a trade ministry official said on Monday.

The government will also lower the export tax for RBD palm olein to 3 percent in November, versus 6 percent in October. - Reuters