Indonesia to revamp palm oil levy to support biodiesel programme


A laboratory technician works on Biodiesel 40% (B40) as he holds a bottle of oil at the Research and Development Agency of the Ministry of Energy and Mineral Resources in Jakarta, Indonesia. - Reuters

JAKARTA (Reuters) - Indonesia, the world's largest palm oil producer, plans to revise its palm oil export levy rules to allow higher collection when prices increase, a senior cabinet minister told Reuters, as part of moves to underpin an ambitious biodiesel programme.

Since June this year, Indonesia has collected a maximum US$55 levy per tonne on palm oil exports, regardless of the price.

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Biodiesel , palm oil

   

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