Indonesia announced higher export levies last week, to fund its biodiesel programme, which requires diesel in Indonesia be blended with 30pc bio content made of palm.
JAKARTA: Indonesia is still in line to export 36 million tonnes of palm oil next despite a recent tariff hike on exports, an official told a virtual press conference on Tuesday.
Indonesia announced higher export levies last week, to fund its biodiesel programme, which requires diesel in Indonesia be blended with 30pc bio content made of palm.
"In 202,1 it is projected that there will be an increase in export volume," Eddy Abdurrachman, president director of the country's Estate Crop Fund said.
"Even though there is a tariff increase, it will not affect the performance of our palm oil exports," he said, adding that exports this year is expected at 32 million tonnes.
Comments
Comments are closed for this article.