Commodities

Indonesia to impose new palm oil export levies on July 2

Reuters JAKARTA | Updated on June 29, 2021

Indonesia to impose new palm oil export levies starting on July 2, the Estate Crop Fund Agency (BPDP) said in a statement on Tuesday.

The world's top palm oil exporter last week said it will change its levy structure for palm oil exports, cutting the ceiling rate for crude palm oil levies (CPO) from $255 to $175per tonne after criticism from stakeholders.

Published on June 29, 2021

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