MARKET DEVELOPMENT
Indonesia Keeps Nov Crude Palm Oil Export Tax at Zero
Indonesia Keeps Nov Crude Palm Oil Export Tax at Zero
31/10/2014 (Reuters) - Indonesia set its crude palm oil export tax for November at zero, a trade ministry official said on Thursday, unchanged from the previous month.
The decision was largely anticipated by industry sources, who expected the world's top producer to strive to keep competitive with rival grower Malaysia, which has also dropped the tax.
The official did not provide further details.
The decision was largely anticipated by industry sources, who expected the world's top producer to strive to keep competitive with rival grower Malaysia, which has also dropped the tax.
The official did not provide further details.