21/07/2011 (Business Times) - Indonesia, the world’s largest palm oil producer, could cut its crude palm oil export tax to 15 per cent in August from 20 per cent in July because of a drop in international prices, an industry source said yesterday.

“We expect the tax to be capped at 15 per cent next month because the average price of CPO was US$1,090 (RM3,270) in the first 20 days of July,” said the source. — Reuters