Indonesia plans new, temporary incentives to boost palm oil exports-deputy Finance Minister

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JAKARTA : Indonesia plans to bring in new rules on its palm oil export levy and incentives soon in an attempt to boost exports and empty storage tanks, its deputy finance minister Suahasil Nazara told Reuters.The government is still mulling the rate of the new levy and the incentives, which will be applie

JAKARTA : Indonesia plans to bring in new rules on its palm oil export levy and incentives soon in an attempt to boost exports and empty storage tanks, its deputy finance minister Suahasil Nazara told Reuters.

The government is still mulling the rate of the new levy and the incentives, which will be applied temporarily to tackle a crisis over ballooning inventories, Suahasil said, adding that new regulations are expected this weekend or early next week.

 

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