Friday, April 22, 2011

Breaking News-RTRS - Indonesia to cut May palm oil, cocoa export tax -govt official

JAKARTA, April 21 (Reuters) - Indonesia will cut its palm oil export tax for May to 17.5 percent from 22.5 percent and reduce its cocoa bean export tax to 10 percent from 15 percent, a government official said on Thursday.
The palm oil tax aims to ensure domestic requirements are met in Southeast Asia's biggest economy and to reduce volatility in local cooking oil prices.