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Divided over Indonesian removal of levy on palm oil exports


  • Palm Oil
  • Wednesday, 28 Nov 2018

However, the Indonesian Vegetable Oil Industry Association (GIMNI) said that the government should not lower the levy for CPO, but should only do that for palm oil products and derivatives.

However, the Indonesian Vegetable Oil Industry Association (GIMNI) said that the government should not lower the levy for CPO, but should only do that for palm oil products and derivatives.

JAKARTA: An Indonesian government decision to lower the levy on crude palm oil (CPO) exports to zero would remove incentives for local refiners, a palm industry refiner body said on Tuesday.

Facing low palm prices, the government on Monday said it will temporarily lower export levies on CPO and palm oil products to zero, from a range of $20 to $50 per tonne, aiming to make its products more competitive.

Palm Oil , Plantations

   

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