Indonesia Plans Palm Oil Export Levy to Fund Subsidy for Biofuel
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Indonesia, the world’s largest palm oil producer, plans to impose export levies to fund biodiesel subsidies, replanting and research and development.
Shippers will pay a levy of $50 a metric ton on palm oil and $30 a ton on olein shipments, Coordinating Minister for Economic Affairs Sofyan Djalil told reporters on March 20.