Indonesia Keeps Palm oil and Cocoa Bean Export tax Unchanged in Sept

Indonesian workers install pipes on a tanker ship to load crude palm oil at Belawan port in Medan (above). An official at Indonesia's trade ministry told Reuters on Wednesday, that Indonesia’s export tax for crude palm oil in September will remain at zero percent. (EPA Photo/Dedi Sahputra)

By : Fergus Jensen | on 3:12 PM August 26, 2015
Category : Business, Commodities

Jakarta. Indonesia's export tax for crude palm oil in September will be zero percent, unchanged from August, an official at Indonesia's trade ministry told Reuters on Wednesday.

Last month the world's top palm oil producer issued a regulation that changed the way export taxes are calculated for crude palm oil, with amounts due now expressed in dollars rather than a percentage of the price.

The export tax for cocoa beans was also left unchanged at 10 percent, the official said.

 
MORE NEWS