MARKET DEVELOPMENT
Indonesia raises maximum palm oil export tax -regulation document
Indonesia raises maximum palm oil export tax -regulation document
09.06.2022 (www.nasdaq.com) - JAKARTA, June 10 (Reuters) - Indonesia Finance Ministry raised its maximum export tax for crude palm oil (CPO) to $288 per tonne for when the government's reference price is set above $1,500 per tonne, a regulation document reviewed by Reuters showed on Friday.
The new taxes took effect from June 10.
Indonesia, the world's biggest palm oil exporter, previously charged a maximum $200 per tonne export tax for CPO when the price was above $1,250 a tonne.
(Reporting by Bernadette Christina Munthe, Fransiska Nangoy; Editing by Himani Sarkar)
((Fransiska.Nangoy@thomsonreuters.com;))