JAKARTA: Indonesia is considering cutting its palm oil export levy to encourage more shipments, a cabinet minister said on Thursday, another move to spur exports after a ban designed to protect domestic cooking oil supplies saw palm oil inventories swell.
JAKARTA - Indonesia has significantly raised its maximum palm oil export levy, a new government regulation showed on Friday (March 18), marking a new bid to control domestic cooking oil prices after previous measures failed to tackle the problem. The world's biggest exporter of the edible oil a day earlier announced a surprise policy U-turn to remove export volume restrictions.
Indonesia’s palm oil price should not be dictated by the external market, its trade minister said on Thursday, backing his decision to expand palm oil export curbs at a time of surging global prices from a global supply crunch. The world’s top palm oil exporter shocked the market a day earlierby announcing that palm companies .
JAKARTA: Indonesia's palm oil price should not be dictated by the external market, its trade minister said on Thursday, backing his decision to expand palm oil export curbs at a time of surging global prices from a global supply crunch.