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: 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 $55 levy per tonne on palm oil exports, regardless of the price.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
