Palm oil export tax may be cut by Indonesia to offset India tariff rise


NEW DELHI/JAKARTA: Indonesia may consider cutting the export tax on refined palm oil to offset an increase in import tariffs by leading buyer India, officials and traders said on Friday.

India on Thursday raised the import duty on refined edible oils including palm oil to 10 percent from 7.5 percent to protect local oilseed growers and refiners.

5.5 PAYDAY OFFER: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

TDM unit picks GPQ for Terengganu deal
CIMB Niaga 1Q profit before tax at 2.3 trillion rupiah
Pasdec names Mohammad Ikhwan as CEO
GD Properties: Local market prospects bright
Alpha IVF to open four new centres by end-2027
KPS acquires factory sites for RM45.5mil
IOIPG set for FBM KLCI inclusion
Genting opens New York casino, creates history
Jaycorp buys RE unit for RM15mil
Bursa posts RM73mil profit in first quarter

Others Also Read