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A three-month transition period will allow normal trade while export transactions are monitored. State wealth fund Danantara Indonesia will oversee the new export system.
#palmoil#indonasia#trade
Indonesian President Prabowo said the government will centralise exports of key commodities, starting with coal, palm oil, and ferroalloys, to boost revenue and strengthen control over natural resources.
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#Indonesia likely to raise the crude palm oil export tax to $178/T from $148/T, with May reference prices set at $1,049.58 /T, compared to $989.63 /T previously. Additionally, a 12.5% levy will apply to CPO, while other RBD products will face a 7.25%โ12% levy.