Indonesia to impose palm export levy to subsidise biofuel, replanting, research

Indonesia, the world’s biggest palm oil producer, will impose export levies to fund biodiesel subsidies as well as replanting, research and development. Shippers will pay a levy of US$50 a metric ton for palm oil and US$30 for processed products starting this month, Sofyan Djalil, coordinating minister for economic affairs, said in Jakarta on Saturday. The government will keep the threshold for application of a separate export tax at US$750 a ton, Djalil said.»