Indonesia’s chief economic minister Darmin Nasution said that Indonesia will reimpose the levy on Jan 1, 2020, if prices rise over US$570/tonne, as the country will begin to use the B30 biodiesel blending mandate.
SINGAPORE (Sept 25): Indonesian planters have gotten a reprieve, as the government on Tuesday announced that it will not be collecting palm oil levies for the rest of this year.
Indonesia has not collected levies for palm since December last year, due to low prices of palm oil.
