According to Indonesia’s Ministry of Trade, the zero tax on palm oil exports from the country has been extended till the end of February 2019, reports UkrAgroConsult.
This step was made because the minimum purchase price for the product for February is at USD 565.4/MT, below a threshold of USD 570/MT for levies.
Indonesia set its palm oil export duty at zero in early December 2018.
Detailed analysis of the latest trends in oilseeds/vegoils/meals exports, palm oil imports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting/harvesting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Vegoils" by UkrAgroConsult.
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