Indonesia to Hike Palm Oil Export Levy to 10%

• Indonesia will raise its palm oil export levy to 4.5% to 10% of the CPO reference price.
• The levy will increase from 3% to 7.5%.
• The new levy will be used to finance an increase in the amount of palm oil used in biodiesel.
• The new levy will be imposed three days after the regulation is issued.

Source: channelnewsasia.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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