Friday, December 26, 2008

Breaking News-RTRS--Indonesia keeps January palm oil export tax

JAKARTA, Dec 25 (Reuters) - Indonesia is maintaining its zero
percent palm oil export tax in January, while it will raise crude
palm oil base export price to $418 a tonne from $415 a tonne in
December, the trade ministry said late on Wednesday.
The moves are effective from Jan 1 to end of January.
The new base price is far below the minimum reference price
for palm oil export tax, which has been raised to $700 a tonne
from $550.