RHB Group Research’s analysts Hoe Lee Leng, Christopher Andre Benas, Sean Chew and the Singapore research team have maintained “neutral” on the plantation sector, following the Indonesian government’s decision to reduce the maximum threshold for export levies.

On June 22, the Indonesian government reduced export levies for crude palm oil (CPO), setting the minimum at US$175 ($235.18) per tonne from US$255 per tonne.

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