KONTAN.CO.ID - JAKARTA. Indonesia has significantly raised its maximum palm oil export levy, a new government regulation showed on Friday, part of efforts to control domestic cooking oil prices after previous measures failed to tackle the problem. The world's biggest exporter of the edible oil a day earlier announced a surprised policy U-turn to remove export volume restrictions on palm oil products and raise its export levy instead. Read full story The new regulation, which took effect immediately, introduced higher progressive rates when the reference price for the edible oil hit at least $1,050 a tonne.
Indonesia Hikes Palm oil Export Levy to Maximum $375 Per Tonne
KONTAN.CO.ID - JAKARTA. Indonesia has significantly raised its maximum palm oil export levy, a new government regulation showed on Friday, part of efforts to control domestic cooking oil prices after previous measures failed to tackle the problem. The world's biggest exporter of the edible oil a day earlier announced a surprised policy U-turn to remove export volume restrictions on palm oil products and raise its export levy instead. Read full story The new regulation, which took effect immediately, introduced higher progressive rates when the reference price for the edible oil hit at least $1,050 a tonne.