Tuesday, May 12, 2009

DJN-Indonesia may impose an export tax of 2.5% on crude palm

JAKARTA (Dow Jones)--Indonesia may impose an export tax of 2.5% on crude palm
oil in June, versus a nil tax in May, the country's trade minister said Tuesday.

"If global CPO prices in the April 26-May 25 period average more than $700 a
metric ton (the trigger price for the imposition of an export tax on CPO), then
there will be a 2.5% export tax in June," Mari Pangestu said.