MARKET DEVELOPMENT
Indonesia Lowers Nov Crude Palm Oil, Cocoa Bean Export Taxes
Indonesia Lowers Nov Crude Palm Oil, Cocoa Bean Export Taxes
24/10/2011 (Jakarta Globe) - The Indonesian government has lowered the crude palm oil (CPO) export tax for November to 15 percent, from 16.5 percent in the previous month due to declining global prices over the past month, a source at the industry ministry told Reuters on Friday.
The government also set a lower export tax for cocoa beans at 5 percent for November, lower than the 10 percent for October.