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Indonesia Raises Palm Oil Export Tax To 16.5% For October
calendar21-09-2011 | linkBloomberg | Share This Post:

21/09/2011 (Bloomberg) - Indonesia raised the tax rate for crude palm oil exports for October to 16.5 percent from 15 percent this month and kept the duty for cocoa bean exports at 10 percent, Deddy Saleh, director general for foreign trade at the Trade Ministry, said by mobile-phone text message today.

The base price for calculating the levy exporters must pay on crude palm oil exports was cut to $1,001 a ton from $1,013 a ton. For cocoa beans the base price was raised to $2,679 a ton from $2,673 a ton, Saleh said.