Breaking News-RTRS-UPDATE 1-Indonesia palm oil export tax at 3 pct in Jan -source

JAKARTA, Dec 21 (Reuters) - Indonesia will increase its palm oil export tax to 3 percent in January after holding it at zero for the past five months, said an industry source said on Monday.
A hike in the export tax was widely expected following a rise in prices. The 3 percent export tax is based on a reference price of $769.17 CIF Rotterdam, the source said.