By REUTERS
Indonesian President Joko Widodo has signed a regulation requiring exporters to pay a levy of US$50 (RM179.97) per tonne of crude palm oil (CPO) and US$30 for processed palm oil product shipments, an energy ministry official said on Wednesday.
The regulation, which was announced in late March, will fund Indonesia’s recently announced biodiesel subsidies and may help boost palm prices through increased demand for biodiesel.
“CPO suporting fund was signed by the president last night,” Rida Mulyana, director general of renewable energy at the energy ministry told reporters. “The threshhold for export tax is
unchanged.”
Mulyana was unable to give an exact date when the new rule would be implemented.
— by Wilda Asmarini
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