Indonesia Plans New Incentives to Boost Palm Oil Exports-Deputy Finmin

Sumber: Reuters | Editor: Thomas Hadiwinata

KONTAN.CO.ID - JAKARTA, July 15 (Reuters) - Indonesia plans to bring in new rules on its palm oil export levy and incentives soon to boost exports and empty storage tanks, an official said, the latest attempt to boost shipments after the ending of an export ban in May.

The government is still weighing up the rate of the new levy and the incentives, which will be applied temporarily to tackle a crisis over ballooning inventories, deputy finance minister Suahasil Nazara told Reuters, adding he expected the new regulations this weekend or by early next week.