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Indonesia palm oil fund targets more than double levy collection in 2021
calendar31-03-2021 | linkwww.agriculture.com | Share This Post:

30.03.2021 (www.agriculture.com) - JAKARTA, March 30 (Reuters) - Indonesia's palm oil Estate Crop Fund president director Eddy Abdurrachman told a parliament hearing on Tuesday:

* The fund, in charge of collecting palm oil export levies to fund Indonesia's biodiesel and replanting programmes, aimed to collect 52.82 trillion rupiah ($3.65 billion) from palm oil export charges this year, a jump from 20.26 trillion rupiah last year

* It was allocating 49.1 trillion rupiah to biodiesel subsidies this year, compared to 28.1 trillion rupiah in 2020

* The fund was also allocating 5.58 trillion rupiah for a replanting subsidy in 2021, up from 2.7 trillion last year ($1 = 14,470.0000 rupiah) (Reporting by Bernadette Christine Munthe; Writing by Fransiska Nangoy; Editing by Martin Petty)

https://www.agriculture.com/markets/newswire/indonesia-palm-oil-fund-targets-more-than-double-levy-collection-in-2021