Add particulars, background
Add particulars, background
JAKARTA, Feb 26 (Reuters) – Indonesia’s chief financial minister, Airlangga Hartarto, stated on Wednesday the federal government plans to extend palm oil export levies to assist growth of its palm biodiesel programme.
“The rise is at present being calculated, whether or not it is going to be a flat improve or progressive,” Hartarto advised reporters. Additional particulars on the plan are nonetheless being mentioned, he stated.
Indonesia, the world’s largest palm oil producer, is increasing its biodiesel programme to make use of extra palm oil as a feed inventory for transport fuels with a view to reduce power imports.
The nation collects levies to assist finance its palm oil insurance policies reminiscent of biodiesel subsidies and replanting programmes for smallholders. The levies are at present set at a most of $50 per tonne for palm oil exports, relying on the kind of palm product and a government-set reference worth degree.
Hartarto stated the levies can be…