MARKET DEVELOPMENT
Indonesia Keeps Dec Crude Palm Oil Export Tax at zero
Indonesia Keeps Dec Crude Palm Oil Export Tax at zero
29/11/204 (Reuters) - Indonesia set its crude palm oil export tax for December at zero, a trade ministry official said on Friday, unchanged from the previous month.
"The low export benchmark price and zero percent export tax rate will remain since there is still a current low international price for CPO," foreign trade director general Partogi Pangaribuan told reporters in a press release from the trade ministry.
The cocoa bean export tax was set at 10 percent for December, unchanged from November, Pangaribuan said.
"The low export benchmark price and zero percent export tax rate will remain since there is still a current low international price for CPO," foreign trade director general Partogi Pangaribuan told reporters in a press release from the trade ministry.
The cocoa bean export tax was set at 10 percent for December, unchanged from November, Pangaribuan said.