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Markets 1 year ago
PREMIUM
Planned 10% levy could cause CPO exports to plummet, Gapki warns
The industry association has warned that increasing the export levy from currently 7.5 percent to 10 percent next year could make Indonesian CPO less attractive, especially in view of the government’s plan to launch the B40 biodiesel program in January amid stagnant production.
Economy 2 years ago
RI palm oil exports to fall in 2024 on rising demand, lower output
Indonesia's palm oil exports are expected to decline in 2024 due to increased domestic consumption because of a higher biodiesel blending mandate and a slight decrease in production, an industry official told Reuters on Thursday.
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