Indonesia may extend palm oil export levy waiver to year-end
Indonesia, the world’s biggest producer of palm oil, may extend an export levy waiver on the edible oil to the end of this year, its chief economic minister said on Tuesday.
Indonesia started waiving levies imposed on exports of palm oil products from mid-July to help reduce its stock glut following a three-week export ban in late April, which was designed to stabilise local cooking oil prices.
The levy waiver policy is currently scheduled to end after Oct. 31.
“The plan is for an extension… until the end of the year,” minister Airlangga Hartarto told reporters, without sharing more details.
Indonesia collects export levies, on top of a separate export tax, to fund subsidies for its biodiesel and smallholders replanting programmes.
Read also
Rapeseed yield in the EU in 2025 will be 9% higher than last year
USDA forecasts that this year’s wheat harvest in Ukraine will be the smalles...
Jordan purchased 50 thsd tons of barley
Ukraine and the US agree to start work on a free trade zone
BLACK SEA GRAIN.KYIV: Leadership in an Era of Change — Who Will Lead the Agricultu...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon