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Indonesian agri businesses get a boost as government keeps zero palm oil export levy

Samantha Chiew
Samantha Chiew9/25/2019 12:23 PM GMT+08  • 3 min read
Indonesian agri businesses get a boost as government keeps zero palm oil export levy
SINGAPORE (Sept 25): Indonesian planters have gotten a reprieve, as the government on Tuesday announced that it will not be collecting palm oil levies for the rest of this year.
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SINGAPORE (Sept 25): Indonesian planters have gotten a reprieve, as the government on Tuesday announced that it will not be collecting palm oil levies for the rest of this year.

Indonesia has not collected levies for palm since December last year, due to low prices of palm oil.

Indonesia’s chief economic minister Darmin Nasution said that Indonesia will reimpose the levy on Jan 1, 2020, if prices rise over US$570/tonne, as the country will begin to use the B30 biodiesel blending mandate.

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