Breaking News-Indonesia cuts palm oil export tax

JAKARTA, July 22 (Reuters) - Indonesia has cut export taxes for palm oil products in August to bring them in line with international prices, the trade ministry said on Tuesday. The export tax for crude palm oil in August will be cut to 15 percent from 20 percent in July, while the base export price for crude palm oil will be cut 3.3 percent to $1,106 a tonne from $1,144 a tonne.