Export tax should never have been imposed on CPO, commented Indonesian agriculture minister Bungaran Saragih yesterday (11 January), lending full support to the call for its abolition.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Domestic CPO producers demanded that the tax be scrapped, struggling after the global fall in the commodity’s price, but industry and trade minister Luhut B. Panjaitan is stressing that the advantages and disadvantages of the proposal are still being reviewed by the government.
The support of Saragih is perhaps good news for the producers, however. “The 10% export tax was a mistake of the past,” he said, adding that all agricultural products should be exempt from export taxes.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
