Indonesia cuts maximum palm oil export levy to US$200


JAKARTA: Indonesia yesterday issued regulations backing recently announced changes on a palm oil export tax policy, including cutting the maximum levy rate to accelerate shipments that have been slow to rebound after the ending of an export ban.

But the levy rate will be raised in August, according to the finance ministry regulations, sparking concerns from an industry group.

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Indonesia , cuts , palm oil , export levy , US$200

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