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Home News Item Indonesia removes palm oil export levy until end of August
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Indonesia removes palm oil export levy until end of August

juli 19, 2022by Reacties uitgeschakeld voor Indonesia removes palm oil export levy until end of August

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JAKARTA, Indonesia: Indonesia’s finance ministry said it has scrapped its export levy on all palm oil products until 31st August.

The move is a new attempt to boost exports and reduce high inventories, without disrupting government revenues, it added.

Palm oil prices have fallen by about 50 percent since late April, to their lowest in over one year, so the move by the world’s largest palm oil exporter cou

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